TMI BlogCapital Gains Tax: Shares Must Be Allotted Before End of Previous Year in Business Succession u/s 47(xiii)(b).Capital gain tax liability - transfer - scope of 47(xiii)(b) - the allotment of shares of the company which succeeds to the business of the partnership firm has to be complied before the end of relevant previous year in which such succession of business takes place. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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