Exemption from capital gains tax
V.G.Murdiya (Business) (38 Points)
03 February 2009V.G.Murdiya (Business) (38 Points)
03 February 2009
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 12 December 2011
Shares transferred by a holding co to its 100% subsidiary company is exempt from CG tax as there is no transfer in such cases which would attract AG tax.