Transfer of personal land to aop

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ca final student
36 Points Posted on 05 September 2013

Hi,

I want to know whether i can transfer my land to AOP at my indexed cost

 

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On 05 September 2013 at 13:30 Report
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Wealth Manager
5293 Points Posted on 05 September 2013

AOP is a separate legal entity for the purpose of Income tax, so this transfer shall be a proper sale. 

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On 05 September 2013 at 15:30

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