In a scheme of reconstruction, when the shares of newly formed company are allotted to the members of old existing company, will the shares allotted be shown in existing company's accounts as investment?
1 Replies
Abinash Parida
(2 Points)
Replied 06 February 2020
No it won't be treated as Investment , because members of Old Company and Old Company are different.
Recent Topics
- GST registration -notice
- GSTIN Suspended Form GST Reg 17
- Request for GST Clarification regarding ITC
- Is Capital Gain exemption available for Property a
- EPF CONTRIBUION BY EMPLOYER
- Letter of credit -seller procedure
- Filling form 26 QB
- RPT AND ITC ISSUE
- Tax Liability and ITC Summary related Issues
- REQUIRED FORMAT FOR AMENDMENT TO PARTNERSHIP DEED
Related Threads
CAclubindia
