Dear all,
I am still awaiting some opinion of group member on my query on DSIR approved R & D center partially being sold in slump sale to other company. Please reply .....
On Wednesday, April 15, 2015 9:30 AM, "ram agrawal ram9ag@yahoo.com [aaykarbhavan]" <aaykarbhavan@yahoogroups.com> wrote:
On Wednesday, April 15, 2015 9:25 AM, ram agrawal <ram9ag@yahoo.com> wrote:
On Tuesday, April 14, 2015 2:54 PM, ram agrawal <ram9ag@yahoo.com> wrote:
Dear colleagues,
My query related to Income tax section 35(2AB)
MY comapny claiming deduction under section 35(2AB) since long now one of the two business of the company being
sold on slump sale basis to a group company. Company having common R & D center for these two business which is
approved by DSIR. The part of the assests of R & D centre on which deduction u/s 35(2AB) have been claimed in past years will also be part of the slump sale.
My query is 1.what are the implication on sale of machines and other assets of the R & D centre.
2. How the buyer company will get the benefit of R & D centre. IS it required to get the recognition
afresh or the same will continue. Procedure for the same is required.
Please help me by your opinion/pas t experieince
Regards
RAM
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Posted by: ram agrawal <ram9ag@yahoo.com>
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