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Gift of Personal property to a private limited company


19-Feb-2025 (In Property Law)
Can i gift a flat registered in my name to a private limited company where my son and myself are directors What will be the tax implications
Answers (1)

Answer #1
587 votes
Namaste. Yes, a private limited company is a legal person and can be transferred property vide a gift deed. There is no tax implication on gift to private company. However, it would be treated as an income on the company's end.
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