A person is taking loan from outsiders for which he wants create charge on his House or he wants to gift his house to his friend.
He does not have any dues/proceedings pending to Income Tax and also has not received any demand from Income Tax.
Now my query is - Is he required to get certificate from Income Tax department u/s 281 before such creation of charge or gift as the case may be?
Please kindly suggest.
The section is applicable only when a case is pending. In your situation, this doesn't apply.
My Legal Tax Consultants Pvt. Ltd.
Noida
CA Inter
View Details
CA ANOOP P K & ASSOCIATES
Kozhikode
CA Inter
View Details
Hema Yashwanth & Associates
Chennai
B.Com
View Details
Anupam Parashar & Co.
Ghaziabad
CA Final
View Details
CCI
Pro
CAclubindia
