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Capital Gain on Mergers, Income Tax |
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Capital Gain on Mergers |
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Is there Capital Gain applicable when a Wholly owned Subsidiary company gets merged with its Holding company. John Shannel Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
Under Sec 45 of Capital Gain Chapter..transfer of capital asset by a subsidiary Company to its holding company is not regarded as transfer,provided it is wholly owned subsidiary and the holding company is Indian. Also the asstes are not transfered as stock in Trade. Page: 1 Old Query - New Comments are closed. |
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