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    Share Transfer Before Closure of Company

    Posted By : SHALU / Published on : 18-Jun-2021 12:23 PM / View : 369 / Comment : 0

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    Dear members,

    In one of my client case,a company is going for closure as it has incurred huge losses.
    One of its shareholder wants to transfer her shares to her Husband,who is nowhere related to the company, so that he can show part of his shareholding as loss under income tax and get tax benefit in this regard.
    Now my question is,will he be able to book the loss in his income tax,will there be any use of share transfer before closure?

    Thanks
    Read more on : company closure before transfer share

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