Section 42 of the Income Tax Act provides a beneficial mechanism for tax-neutral asset transfers. It allows a person (the “transferor”) to dispose of an asset to a local company (the “transferee company”) in exchange for equity shares in that company. 1. Asset-for-Share Transaction Fundamentals An asset-for-share transaction involves transferring an asset to a company...Read More

Discover the evolution of property ownership beyond conventional norms. From location intelligence to sustainability, unlock the full potential of real estate with our expert legal guidance.Read More