Capital GAins On Land

Chetan D. (Management Accountant) (89 Points)

21 September 2009  

Hello Friends,

My question is -

Suppose there is company which holds only one land as an asset and corresponding no. of shares as capital. And suppose we want to transfer the land. So can we transfer the land in form of shares of company? What are the tax implications? And whether the stamp duty payble on such land?

Thanks In Advance

Regards

Chetan