Transfer of Land to a company by one of the Director of the Company

manju muthigi (2 Points)

06 April 2023  
please let me know... A director purchased land on his own name by Value Rs 30 Lakhs... after 8 months He transfered that land to company by Share Consideration Rs 55 lakhs paying stamp duty and TDS.

please suggest me whether capital gain Short term Capital gain shall attract or not...