Easy Office
LCI Learning

gift in kind

This query is : Open 
Profile Image

Profile Image

(Querist)
24 December 2009 hi everybody!

a partnership firm wishes to gift ,by way of deed ,immovable property to a pvt ltd co where partners are directors.

tax implications please!
Profile Image

sivasankar

Profile Image

sivasankar (Expert)
25 December 2009 sir,
This seems to be good tax planning idea since sec 56 covers only Individual and HUF.
However one cannot predict the view taken by the ITO in this regard since it's new idea.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links