TMI BlogTransfer of Assets by Private Limited Company to its shareholderX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir/Madam, My query is with regards to Income Tax Companies Act. A particular family has a business with 3 brothers of whom all are equal shareholders in a private Limited company. All asset ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s are registered in the name of Pvt.Ltd. Company. Now 1 of the brother, Mr.A wants to exit the family business and in lieu of exit he needs to relinquish his shareholding in the company. Now Mr.A g ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ets a 2 assets of the company as part of the partition of family business company runned by family. Now what are the options available to Mr.A to take over get the 2 assets of the company transfe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rred in his name. This 2 assets, he has received are part of family settlement. Against receipt of these 2 assets, Mr.A will relinquish his shareholding in the company. What are the options availabl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e with Mr.A to ensure that there is nominal tax liability on the company him after transfer of 2 assets in favor of Mr.A. - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = Got the advice of Chart ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ered Accountant. - Transfer of Assets by Private Limited Company to its shareholder - Query Started By: - IRFAN MALIK Dated:- 4-2-2020 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Kno ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... wledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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