Upgrad LLM

transferring immoveable property to pvt. ltd. company

Business

I want to transfer title in my immoveable property to a private limited company in which there are two shareholders. I am 99% shareholder in that company. I am 100% owner of the plot. Will I be subject to capital gains tax plus stamp duty or just stamp duty?

 
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advocate

For transfer of property you need registration of the said schedule land before sub-registry office for that process you have to pay stamp duty and without proper registration the transfer is invalid.

 

Jyotirmaya Prasad Behera

Advocate,Orissa High Court

9132319262

 
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