Hi guys 👋in this blog let'see about preference shares into equity shares is the nature of exchange relingishment takes place when the owner with raw himself from the property and abundance his rights their to payment of insurance compensation due to destruction of property redemption of preference share is treated as transfer distribution of Capital Asset on dissolution of a firm for feature of share application money because of failure by an assessey to pay balance amount on allotment of share is transfer the term transfer covers have wide Ambit of things section 46 and 47 defines transaction not regarded as transfer the ownership and position might have also changed but still capital gains will not be computer on such transaction as it is not at all treated as transfer as provided in the caption these are covered in section 46 and 47 for the sake of reading convenience the author has listed it on the basis of assassy for domestic companies distribution of acid on liquidation of company transfer between holding and 100% subsidiary company also and Indian company transfer in eskimo demerger for form conversion of a firm into company will not be regarded as transfer if all the partners of the form became the star holder of the company all assets are taken over the book value of the firm is taken over by the company partners do not receive any monetary consideration for limited liability partnership conversation of unlimited and Private Limited into LLP all asset and liabilities of the companies immediately conversation should become the Asset and liability of LLP all the shareholders of the company immediately before the conversation should become the partners of the LLP the early years to wild shareholder of the company should continue to receive at least 50 percentage of the profit of the LLP for AP period of 5 years at least from the date of conversion consideration of conversion to be paid only by sharp profit total turnover or gross receipt from the business of company in any of the three previous year preceding the previous year in which conversation to place should not exceed 60 lakh total value of acid of private company or unlisted company not to be exceed 5 crore in any of the three preceding previous year for exemption of transfer of Capital Asset or intangible asset on conversation of such company into LLP.
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