A Pvt Ltd company is been transferred with a property present market value is 3 crore but the property has been purchased @ 50 lakhs long ago by Pvt Ltd company...... the third party will take over the Pvt Ltd company in as it is position to save the mutation and service charge as the property is already registered on Pvt Ltd company name..... now please guide is any tax is applicable for buyer or seller.... Pvt Ltd Company paid up capital is 1,00,000 presently.
Technically shares of Pvt Ltd company can't be transferred to people other than close relatives so you can't really transfer the shares. For doing this you need to wind up the company and then sell the property which would become a long procedure. So I would suggest you to directly sell the property rather than doing such a long procedure.
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Thank you
Sale of shares of Pvt Ltd company to third party will attract capital gain tax.
- Transfer 100% shareholding to third party. Get the valuation report from the registered valuer in respect to share price.Capital gain tax will be levied.
Dear Sir,
Hope you are doing well !!
Yes, capital gain tax liability will arise on transfer of shares to third party.
Thanks & Regards,
Payal Chhajed
Hi
Transfer of shares to third party will attract capital gain liability.
Hope it helps
Hi,
There will be a capital gain tax liability on transfer of share to third party.
