Tax Talk Nepal › Forums › Discuss › Income Tax › Deemed Disposal as per Section 57 This topic has 0 replies, 1 voice, and was last updated 12 months ago by Kailash. Tagged: capital gains, deemed disposal, income tax, section 57 Deemed Disposal as per Section 57 KailashKeymaster April 19, 2020 at 12:02 pm Section 57 of the Income Tax Act 2058 provides: कुनै निकायको विगत तीन वर्ष अघिसम्मको स्वामित्वको तुलनामा पचास प्रतिशत वा सो भन्दा बढी स्वामित्व परिवर्तन भएमा सो निकायले आफ्नो स्वामित्वको सम्पत्ति वा आफूले वहन गरेको दायित्व निःसर्ग गरेको मानिनेछ । So, there is a company with 3 shareholders A, B and C and they own 30%, 45% and 25% of the shares respectively. Does section 57 apply in the following scenario in 2019? Case 1: B sells his entire shares to E in 2018 and in 2019 E sells the entire shares to A. Case 2: In addition case 1, C sells 10% out of 25% of his shares to A Case 3: Instead of the scenario in case 2, C sells shares to Z. Like 0 Viewing 1 post (of 1 total) You must be logged in to reply to this topic.