NITIN (CHARTERED ACCOUNTANT) 22 June 2009
Dear All,
I have come across the situation, where the Husband and wife is the owner of residential property. Now they have decided to form a Pvt. Ltd. Company and want to transfer the Flat in the name of the company where both will be the equal share holder in the company.
Please advice on aplicability of stamp duty and registration in the case of said transfer. The residential property situated at mumbai.
adv. rajeev ( rajoo ) (practicing advocate) 22 June 2009
In my opinion transfer amounts to sale. So stamp duty is applicable as per the state stamp act.
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