Please Help: Liabiity of tax.
Posted Date : 05-Jul-2012 , 12:20:10 pm | Posted By: Vikash Kumar Jha
Category :
Income Tax | Answers :
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Comments :
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when a debtor transfer a debt to a creditor entity it control, then liabilities of tax will arise because of this event as per income tax Act. |
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Answers:
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 Answer by: Krishna Chandra Santi |
| I think there is no income arises in the above case so no tax liability.
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| Answer by: Rambabu Senkarasetti |
| No tax will arise.
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| Answer by: Rambabu Senkarasetti |
| No tax will arise.
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| Comments |
| Posted By : Krishna Chandra Santi |
05-Jul-2012, 01:00:58 |
| Please clarify your question, whether creditor is controlled ny the debtor entity or anything else? |
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| Posted By : Krishna Chandra Santi |
05-Jul-2012, 12:59:34 |
| Mr vikas what u want to know, whether liabolity will arise or not or, treatment of such liability? |
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