Income tax
Mansi S
(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.
Devajyoti Barman
(Expert) 18 December 2014
Meet a tax professional or post in caclubindia.
R.K Nanda
(Expert) 18 December 2014
consult tax lawyer.
Kappil Cchandna
(Expert) 19 December 2014
Call CA Karan Chandna at 9871563826.....
T. Kalaiselvan, Advocate
(Expert) 25 December 2014
A query fit to be posted in CA club or can be enquired from a tax consultant.