P GUNAPALAN (PROPREITOR) (66 Points)
02 September 2023A Private Ltd. Company owned by a few share holders owining agricultural land and only involved in agriculture sells all it`s shares to an individual or another group of individuals what will be the implication
1. Will the agriculture land get transferred to the new owners?
2. Do the new owners have to register the property in their name?
3. How will the income be taxed on the Company and the individual share holders?
sabyasachi mukherjee
(27574 Points)
Replied 03 September 2023
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 03 September 2023
sabyasachi mukherjee
(27574 Points)
Replied 03 September 2023
P GUNAPALAN
(PROPREITOR)
(66 Points)
Replied 03 September 2023
Thank you, Can you let us know the correct procedure to be followed.
P GUNAPALAN
(PROPREITOR)
(66 Points)
Replied 03 September 2023
The Company owns agriculture lands and cultivates only fruit trees. The Company`s entire income is derived from agriculture. There are only 10 shareholders.
P GUNAPALAN
(PROPREITOR)
(66 Points)
Replied 03 September 2023
The agricultural lands are situated in a rural area and are registered in the name of the Company.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 03 September 2023
| Originally posted by : P GUNAPALAN | ||
 |
Thank you, Can you let us know the correct procedure to be followed. |  |
Bro,
அவரு உங்களுக்கு சரியான ரிப்ளை குடுக்க வாய்ப்பு இல்லை. ஏன்னா, அப்படியே மேலும் கீழுமாக ரிப்ளை போட்டு points டேபிள்ல வர போராடுவாரு...
Please wait he will reply soon....
Chirag
(Professional)
(1979 Points)
Replied 11 September 2023
CAclubindia
