Transfer of property to director
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 June 2015
Dear Sir,
I want to know can we transfer the property of Company to Director of the company?
If yes tell me the procedure and Tax Effect of the same ?
I want to know can we transfer the property of Company to Director of the company?
If yes tell me the procedure and Tax Effect of the same ?
Ankur Garg
(Expert)
24 June 2015
Hi,
Transfer of property of director is possible subject to necessary approvals. This will be a related party transaction.
Kindly refer section 188 for relevant compliances in this regard.
Thanks
Transfer of property of director is possible subject to necessary approvals. This will be a related party transaction.
Kindly refer section 188 for relevant compliances in this regard.
Thanks
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