Advice on companies act, stamp act and income tax
suresh
(Querist) 07 April 2012
This query is : Resolved
Advice for Construction of Mall & Multiplex:
The Company M/s “X” Private Limited is proposing to construct a Mall and Multiplex approximately in 5,00,000 S.F.T. at existing premises at Andhra Pradesh
The Management is exploring the following the options:
1. Constructing the Mall by” M/s Y Private Limited” on the existing site of “M/s. X Private Limited”. “M/s. X Private Limited” wants to transfer the land to” M/s. Y Private Limited”
The following are additional points which should also be taken into consideration:
1. The Land belongs to “M/s. X Private Limited” (the land purchased in the year 1967)
2. The Fair Market value of the land is Rs. 10,45,44,000/- as on date
3. “M/s. X Private Limited” is holding 97% shareholding in “M/s. Y Private Limited”.
I request you to advise us on applicability of Income Tax Act, The Companies Act, and The Stamp Act.
Deepak Nair
(Expert) 07 April 2012
Get professional services for the same. Being a company, you can afford this.
Raj Kumar Makkad
(Expert) 07 April 2012
This site is not meant to reply for the commercial queries.
suresh
(Querist) 07 April 2012
thank very much
Shonee Kapoor
(Expert) 08 April 2012
Nothing left to add.
Regards,
Shonee Kapoor
harassed.by.498a@gmail.com
