TaxTMI 
TaxTMI 
Transfer of Assets by Private Limited Company to its shareholder
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....ransfer of Assets by Private Limited Company to its shareholder<br> Query (Issue) Started By: - IRFAN MALIK Dated:- 4-2-2020 Last Reply Date:- 9-7-2020 Income Tax<br>Got 1 Reply<br>Income Tax<br>Dear ....
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....Sir/Madam, My query is with regards to Income Tax & Companies Act. A particular family has a business with 3 brothers of whom all are equal shareholders in a private Limited company. All assets are....
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.... registered in the name of Pvt.Ltd. Company. Now 1 of the brother, Mr.A wants to exit the family business and in lieu of exit he needs to relinquish his shareholding in the company. Now Mr.A gets a....
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.... 2 assets of the company as part of the partition of family business & company runned by family. Now what are the options available to Mr.A to take over & get the 2 assets of the company transferred ....
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....in his name. This 2 assets, he has received are part of family settlement. Against receipt of these 2 assets, Mr.A will relinquish his shareholding in the company. What are the options available wit....
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....h Mr.A to ensure that there is nominal tax liability on the company & him after transfer of 2 assets in favor of Mr.A. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: Got the advice of Chartered Acco....
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