Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

Firm succeeded by a company & Sole Proprietary concern succeeded by a company - Section 47(xiii) & 47(xiv)

Income Tax - Capital Gains - Certain transactions not regarded as Transfer - 24 - SEC - 47(xiii): FIRM SUCCEEDED BY A COMPANY Where a firm is succeeded by a company in the business carried on by it as a result of which the firm sells or otherwise tra .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

the firm immediately before the succession become the shareholders of the company in the same proportion in which their capital accounts stood in the books of the firm on the date of succession The partners of the firm do not receive any consideratio .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

e as such for a period of 5 years from the date of the succession. the demutualisation or corporatisation of a recognised stock exchange in India is acrried out in accordance with a scheme which is approved by SEBI u/s 3 of SEBI Act, 1992 SEC - 47(xi .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ible assets to the company: Provided that - All the assets and liabilities of the sole proprietary concern relating to the business immediately before the succession become the assets and liabilities of the company. The sole proprietor do not receive .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     bird's eye view     ↓  


|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version