A person bought a property 5 years back for RS 25 lacs however the registration value for the same is only Rs 5 lacs due to stamp and taxation purpose, now he wants to transfer his property to his private limited company for Rs 1 crore.
can he transfer at this amount or he has to follow any market price rules if any prelevant ?
If yes What's tax effects of the same on him.
Also tell me if it was transfer to a public limited company.
CAclubindia
