From the point of view of all aspects eg. capital gains tax, registration fees etc. is it better to buy residential property in the name of private limited company or individual?
sesha
(accounts executive)
(1101 Points)
Replied 03 March 2015
suppose if buy property inthe name of company means ucannot claim the capital gains, if u buypropery u can in the name of individual and ucan let property on rental for your company, and can collect rental income from your company and expenses rent paid to landowner. so it is better to buy a property on individual name.
J. K. Ratan
(Compliance Advisor)
(794 Points)
Replied 03 March 2015
Dear Anita
If you are about to exemption from capital gain than benefits for Corporate and Individual are as Foliow...
For Individual
Exemption - U/s 54 (Individual, HUF)
U/s 54B (Individual)
U/s 54EC (Any Person) (only if Investment made in NHAI or REC upto 50 Lac)
U/s 54F (Individual, HUF)
For Corpoarate Assessee
Exemption
- U/s 54EC (only if Investment made in NHAI or REC upto 50 Lac)
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