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Transfer of immovable property by a company to its directors
08-May-2023 (In Property Law)
Is it possible for a company (pvt ltd) to gift immovable property ( residential) to its directors. What will be the tax impact of the same, both, on the company as well as on the said directors.
You will get proper advice on this issue from your chartered accountant. This transaction is involve issue related to income tax and you have to also consult to the your company secretary to know the impact of it in respect of laws applicable of MCA.
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Adv. Balaji Sagar
Pune | 100+ Answers
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Dear Querist, A gift has to be out love and affection, how can a company have love and affection towards its directors.
Please feel free to contact us for any further queries.
Regards,
Rakesh V. Misar
Please feel free to contact us for any further queries.
Regards,
Rakesh V. Misar
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Adv. Rakesh Misar
Mumbai | 200+ Answers
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