Dear Friends,
Kindly guide regarding these query...
Suppose a company is getting change in the management by quiting all the directors and shareholder by introducing new directors and shareholder , it means it is just like a sale of company but the name and address is same.
My question is , if in fixed asset list a land is appearing in the name of company but it is actually directors own land , by mistake he purchased in the name of company and now he want to take his land out " with attracting capital gain ".....
So What he have to do............?
CAclubindia
