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
hey the answer for that question is here my tax madam has given this
here is the answer
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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