TMI BlogLong term capital gain - process of sale of shares by holding company to the subsidiary company - time...Long term capital gain - process of sale of shares by holding company to the subsidiary company - time can gap between the formation of the companies and the transfer of shares to them - law does not require any time can gap - Benefit of exemption from LTCG allowed u/s 45 r.w.s 47(iv) ..... X X X X Extracts X X X X X X X X Extracts X X X X
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