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Vivek (-)     15 March 2011

Software Company Sale

What are the Tax considerations when a indian Software Company is acquired by a parent UK company for cash and stock of the acquirer company. Is there any options to structure this type of deal differently to reduce the tax burden? One needs to engage professionals to work out the details but know some basics on this will always help. Thanks in advance for the infromation on this



Learning

 3 Replies

Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 )     17 March 2011

Section 54D provides that any capital gain arising from the transfer by way of compulsory acquisition of land or building  of an industrial undertaking shall be exempt,if the assessee purchases/constructs within 3 years from the date of compulsory acquisition, any land or building forming part of industrial undertaking , subject  to some other restrictions.

Satheesh Kumar (NA)     13 January 2014

whether we have to treat the gain on sale of agricultural land as agricultural income ?

any case, case law is available.

Satheesh Kumar (NA)     13 January 2014

whether we have to treat the gain on sale of agricultural land as agricultural income ?

any case, case law is available.


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