Please Help: INCOME TAX
Posted Date : 05-Feb-2016 , 01:49:48 pm | Posted By: Tarun Shah
Category :
Income Tax | Answers :
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Comments :
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take over of business of partnership firm by company is chargeable to capital gain as per income tax |
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| Posted By : Rahul |
10-Feb-2016, 10:04:20 |
| If the conversion is pursuant to fulfilling all conditions as laid down in Section 47(xiii) of the Income Tax act then the said conversion is exempt. |
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| Posted By : DHARAM |
05-Feb-2016, 09:37:14 |
| As per section 47 (xiii)of income tax act, 1961 firm is succeeded by company is not amount to transfer hence no question of capital gain provided fulfillment of certain condition. |
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