TAX IMPLICATION U/S 46(2)

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....AX IMPLICATION U/S 46(2)<br> Query (Issue) Started By: - CA MUKESH JAIN Dated:- 30-12-2015 Last Reply Date:- 2-11-2016 Income Tax<br>Got 1 Reply<br>Income Tax<br>On conversion of unlisted public compa....

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....ny into LLP, the LLP in consideration of assets of company gives Share in capital of LLP to shareholders of company. Is this transaction covered u/s 46(2)...? as share in LLP is not the asset receive....

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....d by shareholder from copmany on its liquidation Or can we directly apply sec 48 Contact me at [email protected] or Mobile 7597578173 Reply By MARIAPPAN GOVINDARAJAN: The Reply: In my view ....

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....the transaction is covered under Section 46(2)<br> Discussion Forum - Knowledge Sharing ....