Queries regarding selling of property by a director to wife
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 September 2013
Dear sir/Mam,
Please give your opinion for the following matter,
i) Can a director sell company's property to his wife or relatives?
ii) If yes, what are the formalities and how value is to be fixed?
iii) If these formalities are not complied with, what is the consequence?
Kindly, help us with your advice and send the bill for professional services.
Thank you.
Yours faithfully,
Please give your opinion for the following matter,
i) Can a director sell company's property to his wife or relatives?
ii) If yes, what are the formalities and how value is to be fixed?
iii) If these formalities are not complied with, what is the consequence?
Kindly, help us with your advice and send the bill for professional services.
Thank you.
Yours faithfully,
10 September 2013
Hi
The company can sell the property to director wife.
The value will be decide by valuer.
The company can sell the property to director wife.
The value will be decide by valuer.
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
- TDS on property - Form 141 query
- F & O PROFIT REPORTING FOR AY 2026-27
- ASMT-10 received from A O
- Loss of interest in PF transfer from EPFO to Trust
- Average Cost Of High Quality Diamonds
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- Gst on travel by air for business purposes
- 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
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
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
