Question ID : 38017

Capital Gain on Land

A plot was named of Two Directors and they have introduced the same in company's stock by crediting their Loan A/c. in 2014-15 However they had not made registry in favour of co. Thereafter co has constructed three floor from co. fund and sold them and returned the loan of director in different diffrent year . Director has not disclosed the same in their personal ITR . Now what to do and what is the implications thereof . Thanks in Advance

posted by SANDEEP KAPOOR on Mar 5 2019 12:00AM