Hi all
Here is a question:
Suppose a Land is Gifted by a company does it gets attracted by any of taxes.If so under which Act and
where can i gets the details regarding that.
It will be helpful if it is solved at the earliest.
Bye
Tax on Gift of Land
Replies (1)
hi
first of all you have to tell me whether the company is a pvt. or pb. company than even you have not said that whether the amount is given to directors or any other person.
if it is a pvt. company and the amount is given to directors than it will be treated as deemed dividend u/s 2(22) and tax is levied on same.
so i will suggest to first give the complete detail so that i can help you further
first of all you have to tell me whether the company is a pvt. or pb. company than even you have not said that whether the amount is given to directors or any other person.
if it is a pvt. company and the amount is given to directors than it will be treated as deemed dividend u/s 2(22) and tax is levied on same.
so i will suggest to first give the complete detail so that i can help you further
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