Capital contribution in kind
This query is : Resolved
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10 December 2021
I bought a piece of land 3 years back for ₹1 lakh. Today its value is ₹2lakhs.
I want to introduce this piece of land as capital contribution in a company.
Would this result in capital gain tax for me?
I want to introduce this piece of land as capital contribution in a company.
Would this result in capital gain tax for me?
10 December 2021
Yes, as transfer of property to the company happen.
10 December 2021
I know the assets can be transferred to the company. Question is whether that will result in capital gain tax for me?
10 December 2021
Yes, capital gains tax arise in view of transfer of property
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