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Directors retirement


Avinaash (Article Trainee)     10 June 2014

Avinaash
Article Trainee 
 327 points

| My Other Post

One of the director of a pvt ltd company(my client) has been volntarily retired and for his share a land was given which has a fairmarket value above his share. So now is the director liable to pay CG tax. If yes please brief the procedure.

 

Thanks in advance




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