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Buying a Residential property in the name of Pvt .Ltd.Commpany

ITC / Input 761 views 2 replies

I am planning to buy a residential property for investment and for use a Guest house for delegates who visit us regularly.

Can I buy in the name of my Pvt. Ltd company ?

Can we claim GST input .

What are benefits of buying it in the name of Pvt Ltd company instead of personal name ?

Any negative points . the company already has some industrial property which is leased and generating income for that as well

Thank you

BALA

Replies (2)

1. Yes.

2. No.

3. Depends upon the situations. In general, no personal benefits.

 

3. IF ITS A COMPANYS ASSET.
ACCOUNTING STANDARD GUIDELINES HAS TO BE FULFILLED. A RESOLUTION PASSED BY THE BOARD OF DIRECTORS IS REQUIRED


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