A land is in the name of Pvt. Ltd. Co. and the directors want to liquidate the Co. . Can the land which is in the name of the Co. can be TRANSFERED to the directors/Shareholders without capital gain if there is no liability/creditors of the Co..
Menu
Transfer of property
Replies (3)
If there are no liabilities, the company can pass a special resolution to wind up the company and inform the ROC. I think director should be able to buy the land at a fair market price from the company after passing a resolution to sell the land.
CG would arise without a doubt even after voluntary winding up.
Nope, Capital Gain would arise..
Agree with Renu Ji...
Recent Threads
- Incorrect Demand reflecting online in govt IT PORT
- Offshore company POEM for Indian resident
- Correction in 26QB filed for late TDS filing
- GST- ITC CLAIM ON LOAN PROCESSING CHARGES
- CApital gains deduction u/s 54EC
- Reversal of Cess shown in provisions credit balanc
- ESOP shares ITR query
- Income tax on arrear payment
- INCOME TAX ON STCG/LTCG
- Ownership Documents for GST registration for Rural
Related Threads
CAclubindia
