Private ltd company share gift to individual
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 December 2012
A Private Limited company could transfered his share to indiviual as gift
18 December 2012
Hi
No, A company is not a human being so it is not possible to gift shares, please check what your company's articles.
No, A company is not a human being so it is not possible to gift shares, please check what your company's articles.
18 December 2012
The provisions of Sec 56 of the Income tax Act has to be taken care of.
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