Dilip (Working) (408 Points)
08 July 2010According to section 281 - certian transfers to be void.
If we need to create mortgage then we need to either take prior permission from assessing officer or it is for adequate consideration.
can any one please explain the procedure to collect permission from assessing officer.
Nirav
(Accountant)
(595 Points)
Replied 08 July 2010
hello,
i think for taking permission u need to approach towards court or tax department.
Amir
(Learner)
(4016 Points)
Replied 08 July 2010
Dear Sir,
I am not sure but when searched I could not find any procedure that has been prescribed for taking this permission from AO.
I think an application on plain paper will do.
James Antony FCA, CISA
(Chartered Accountant)
(135 Points)
Replied 11 August 2011
CAclubindia
