Share transfer from individual to company
If I own shares of a Pvt. Ltd. Company in my name and want to transfer it to a company I am part of in the shareholding ~45-49%, is it possible without paying any money / liability of tax ?
Asked 1 year ago in Capital Gains Tax from New Delhi, Delhi
As per our view you need to pay tax on the share transfer
Talk to Shyam Sunder Modani
4.7 on 5.0
Section 56 mandates that share transferred to company shall be valued as per rule 11UA and difference between such value and transfer value is gift in the hands receipient company and value of gift exceeds Rs 50,000 it is taxable.
Talk to Vijay N. Kale
4.9 on 5.0
You can write to us for the same at:
Talk to Shiv Kumar Agarwal
5.0 on 5.0