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
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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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