ABC Pvt Ltd company (business of running property & warehousing business) receives funds via Debentures. Now ABC wants to utilize these funds for business purpose. There are three Pvt ltd cos X Y Z having land as their asset.
1. Option 1:
ABC purchases 51% shareholding in the companies and becomes a major Shareholder and acquire 51% share in property also. ABC acquires shareholding in these Cos at greater than FMV. When these companies earn profit and declare dividend . How can ABC which will get 51% share in dividend will save tax?
a) Convert X Y Z into LLP
b) or ABC applies 80 M or any other way?
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