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TAX IMPLICATION U/S 46(2), Income Tax |
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TAX IMPLICATION U/S 46(2) |
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On conversion of unlisted public company into LLP, the LLP in consideration of assets of company gives Share in capital of LLP to shareholders of company. Is this transaction covered u/s 46(2)...? as share in LLP is not the asset received by shareholder from copmany on its liquidation Or can we directly apply sec 48 Contact me at jainmukesh456@gmail.com or Mobile 7597578173 Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
In my view the transaction is covered under Section 46(2) Page: 1 Old Query - New Comments are closed. |
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