corporate law
This query is : Resolved
07 September 2009
whether an CMD of Ltd Company purchase land in his name & furthur transfer the same in the name of company ,land on which sugar factory is to be set up , if yes ? plz guide me , if no why ? & remedy for the same plz....But Land acquisition is very important to the the company's point of view ,since if CMD purchases the land in the name of company , land will cost 4 times more than the it would cost , if purchased in his own name & furthur transfer to company's name ....plz suggest
Thank you
Thank you
09 September 2009
The transfer should be genioun. You can not take additional benefit from this cross sale. you will get max benefit youwoudl havereceive had you been directly transfering it to com
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- ASMT-10 received from A O
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- IT returns for fresh job holders
- ITR-Capital Gain
- Reporting in TDS return
- Traces submitting correction statement error
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
