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Income tax

(Querist) 18 December 2014 This query is : Resolved 
Hello,
Mr. A will purchase majority shares of a private company M/s. INVEST Pvt Ltd. who's main object is to investment in other listed & unlisted companies.

Please provide some guidance on the tax implications in the hands of existing promoters of INVEST Pvt ltd & Mr A.

Please specifically shed some light on Sec: 56(2)(vii) r.w. rule 11UA.

The FMV will be the FMV of INVEST PVT LTD or of summation individual investments made by INVEST Pvt ltd?

Thanks for your time & consideration.
Report Abuse
Devajyoti Barman (Expert) 18 December 2014
Meet a tax professional or post in caclubindia.
R.K Nanda (Expert) 18 December 2014
consult tax lawyer.
Rajendra K Goyal (Expert) 19 December 2014
Consult your tax consultant.
Kappil Cchandna (Expert) 19 December 2014
Call CA Karan Chandna at 9871563826.....
Dr J C Vashista (Expert) 20 December 2014
Consult tax lawyer or CA
malipeddi jaggarao (Expert) 21 December 2014
Consult a tax consultant.
T. Kalaiselvan, Advocate Online (Expert) 25 December 2014
A query fit to be posted in CA club or can be enquired from a tax consultant.

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