Land as capital contribution
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 February 2013
Hello Friends, I have a land registered in my name. Now I am looking forward for registering a Private Limited Company. Can I introduce land as capital. What is the procedure to do that. Will I be required to get the property regstered in name of the company, i am not too keen for this option as it will attract registration charges of of about 2% of land value. Or do I have to execute a transfer deed kind of thing in name of the comapany ? I really need help. Thanks in advance
04 February 2013
FIRST DECIDE WHETHER YOU WANT TO KEEP LAND IN YOUR NAME OR IN COMPANY'S NAME.
.
THE LAND CAN BE TRANSFERRED TO THE COMPANY BY PAYING THE APPLICABLE STAMP DUTY.
.
FURTHER YOU WILL BE LIABLE TO CAPITAL GAINS TAX ACCORDING TO SECTION 50C.
.
2% IS NOT A MUCH HIGHER RATE- LOOKING TO THE BENEFITS OF A LAND IN THE PVT LTD CO.
.
WHEN YOU WANT TO SALE THE LAND WITH THE COMPANY- IT CAN BE DONE BY JUST TRANSFERRING YOUR SHARES TO THE BUYER.
.
.
THE LAND CAN BE TRANSFERRED TO THE COMPANY BY PAYING THE APPLICABLE STAMP DUTY.
.
FURTHER YOU WILL BE LIABLE TO CAPITAL GAINS TAX ACCORDING TO SECTION 50C.
.
2% IS NOT A MUCH HIGHER RATE- LOOKING TO THE BENEFITS OF A LAND IN THE PVT LTD CO.
.
WHEN YOU WANT TO SALE THE LAND WITH THE COMPANY- IT CAN BE DONE BY JUST TRANSFERRING YOUR SHARES TO THE BUYER.
.
Message likes :
1 times
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
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- TDS on Consultancy- Non DTAA
- Management System (IMS)
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- EPF FULL & FINAL RULES IN 2026
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
