as per sec 2(47) of capital gains, transfer of a capital asset to a 100% subsidiary is exempt from tax. But how can there be a 100% subsidiary? there must at least 2 (or) 7 members in a company. so how can a company avail this exemption?
thanks in advance if you reply to it
100% subsidiary does not mean 100% shareholding....It means 100% control over the management......
Hope this will solve ur confusion.....
hey the answer for that question is here my tax madam has given this
here is the answer
Interactive Media Pvt Ltd.
New Delhi
CA Inter
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MANUJ SHARMA AND COMPANY
Noida
CA Inter
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RBSM Corporate Advisors Private Limited
Pune
CA
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Anupam Parashar & Co.
Ghaziabad
CA Final
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Rohit KC Jain & Co
New Delhi
CA Inter
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Hema Yashwanth & Associates
Chennai
B.Com
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CCI
Pro
CAclubindia
