Pursuant to demerger, if the resulting company is a foreign company, then show how capital gain is

Question:

Pursuant to demerger, if the resulting company is a foreign company, then show how capital gain is to be recognized.

(a) To be taxed @ 22.60%

(b) To be taxed at 33.90%

(c) Need not be recognized

(d) None of these

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

Question Posted: