Which one of the following transfer of a capital asset is not a transfer for the purpose of section 45.
A. Compulsory acquisition by Government
B. Sale of plant & Machinery to relocate undertaking to rural area.
C. Transfer by X Ltd. to Y Ltd. is an Indian company and X holds 96% shares in Y Ltd.
D. Transfer of artistic work to government.
Answer:D
Which one of the following transfer of a capital asset is not a transfer for the purpose of section 45.
A. Compulsory acquisition by Government B. Sale of plant & Machinery to relocate undertaking to rural area. C. Transfer by X Ltd. to Y Ltd. is an Indian company and X holds 96% shares in Y Ltd. D. Transfer of artistic work to government.