Please Help: Capital Gain
Posted Date : 31-Dec-2012 , 02:08:44 pm | Posted By Vijay kumar
Some of assets of companies under liquidation (Under the provisions of Indian Companies Act 1956) like plant & machinery, land & building, vehicle are sold by official liquidator for payment of secured creditors and other creditors and cost of acquisition/WDV are not available with the official liquidator.
What is the liability of taxation under the provision of Income Tax Act 1961, for capital gain or any other income?
What is the liability of taxation under the provision of Income Tax Act 1961, for capital gain or any other income?
Category : Income Tax | Answers : 1 | Comments : 1 | Hits : 149
Answers
Answer By: CA Satuti Mahajan
take market value.
Comments
Riyaz Ahmad
05-Jan-2013 , 12:31:48 pmvaluar officer se value nikalwa lijiy . jo bo valaue batay us capital gain tax lagega.