I would like some information regarding selling a small stake (10%) in my commercial property which is under development due for completion next year. Hypothetically If the value of the said property is Rs. 100 and I have paid up Rs. 23 and Rs. 5 is due next month with the balance Rs. 72 due on possesion next year. How can i sell the 10% stake? what are the tax implications. Do i pay the Rs. 5 myself due soon to the builder or do i make the other party pay directly to the builder, what would be a better option to minimise taxation? and how do i pen it legally for the third party.
Thanks
