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Capital Gain on Mergers, Income Tax

Issue Id: - 2883
Dated: 10-3-2011
By:- JOHN SHANNEL

Capital Gain on Mergers

Contents

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

1 Dated: 12-3-2011
By:- Amit Goyal

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