https://www.taxtmi.com/article/detailed?id=1434 Succession of a sole proprietory business by a company qualifies for capital gains exemption where the proprietor receives only share consideration and retains majority voting control for the prescribed lock in; compliance requires documented MOUs, MOA/AOA clauses and board resolutions evidencing takeover, joint inventory and valuation of tangible and intangible assets, formal declaration of succession, share allotment details, indemnities for breach, and dispute resolution provisions. en-us Thu, 22 Sep 2011 18:39:03 +0530 Sat, 14 Sep 2013 23:17:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1434 Succession of a sole proprietory business by a company qualifies for capital gains exemption where the proprietor receives only share consideration and retains majority voting control for the prescribed lock in; compliance requires documented MOUs, MOA/AOA clauses and board resolutions evidencing takeover, joint inventory and valuation of tangible and intangible assets, formal declaration of succession, share allotment details, indemnities for breach, and dispute resolution provisions. Articles Income Tax Thu, 22 Sep 2011 18:39:03 +0530 https://www.taxtmi.com/article/detailed?id=1434