valid transfer of share

This query is : Resolved

ATIT D SHAH (Querist)
Follow

14 October 2008 if Mr. A transfers a house to Mr.B only by writting it on Stamp Paper and without registration, than can this transfer will be considered valid for income tax purpose ? Will Mr. B become the owner of the house ?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

14 October 2008 If consideration is passed to A and possession is handed over to B the said matter will be treated as transfer u/s 2 (47) of the incometax act,1961.

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
Follow

15 October 2008 To continue what Mr.Warrier has said, the ownership change of immovable property will reach a finality only on registration.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

CA.Pinank Arvindbhai Shah

venkanna setty

Vignesh Killur

Tax Expert Group

NIKHIL GUPTA

Subscribe Now

valid transfer of share

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

Accountant

GST CONSULTANT

Article Assistant

GST CONSULTANCY