Samir N (General Queries) (Business) 28 March 2018
I want to transfer title in my immoveable property to a private limited company in which there are two shareholders. I am 99% shareholder in that company. I am 100% owner of the plot. Will I be subject to capital gains tax plus stamp duty or just stamp duty?
jyotirmaya behera (advocate) 29 March 2018
For transfer of property you need registration of the said schedule land before sub-registry office for that process you have to pay stamp duty and without proper registration the transfer is invalid.
Jyotirmaya Prasad Behera
Advocate,Orissa High Court
9132319262
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