Conversion of a Sole Proprietary Concern into a Company - (New) Section 70(1)(xf) / (Old) Section 47(xiv)

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....feror Transferee  Capital asset involved What is the cost in the hands of transferee 70(1)(zf) Conversion of a sole proprietary concern into a company Sole Proprietary Company capital asset or intangible asset The cost for which the previous owner of the property acquired it NOTE:- Following conditions must be satisfied in order to be covered under ....

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....at is the cost in the hands of transferee 47(xiv)   Conversion of a sole proprietary concern into a company Sole Proprietary Company All assets and liabilities immediately prior to conversion The cost for which the previous owner of the property acquired it NOTE:- Following conditions must be satisfied in order to be covered under this section:- • ....