Clean Air (P) Ltd. converted into a LLP on 30-4-2018. It is not liable to pay capital gains on conversion if the total value of assets in any of the 3 previous years preceding the previous year in which conversion took p
CS Executive · Tax Laws and Practice · PYQS · December 2019
Clean Air (P) Ltd. converted into a LLP on 30-4-2018. It is not liable to pay capital gains on conversion if the total value of assets in any of the 3 previous years preceding the previous year in which conversion took place, does not exceed :
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Income Tax
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