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Wednesday, 01 September 2010 05:30

FORM NO.37G

IT Form Details
Dept.Income Tax
CategoryAll Forms
DescriptionStatement to be furnished to the registering officer under section 269P(1) of the Income-tax Act, 1961 along with the instrument of transfer
size10.7 KB
Text of the PDF document(for quick reference)

Printed from www.taxmann.com FORM NO. 37G [See rule 48G] Statement to be furnished to the registering officer under section 269P(1) of the Income- tax Act, 1961, along with the instrument of transfer 1. Name and address of the transferor 2. Name and address of the transferee 3. *Detailed description, location and other particulars of the property transferred as given in the instrument of transfer 4. Whether land is freehold or leasehold 5. In the case of building- (a) floorwise plinth area (b) year or years in which the building was constructed 6. Name and address of person(s), if any, in occupation of the property 7. Name and address of any other person(s) interested in the property 8. Consideration for transfer as stated in the instrument of transfer 9. Estimated fair market value of the property 10. If the transfer is by way of exchange, description and location of the thing or things for which the property is exchanged 11. Fair market value of the thing or things mentioned against item 10. 12. If the consideration for transfer is less than the estimated fair market value- (a) whether the transferee is a relative of the transferor, and if so, indicate relationship (b) whether a recital to the effect that the transfer is made to the relatives for a consideration less than the fair market value on account of natural love and affection is made in the instrument of transfer 13. Was any agreement to sell the property registered under the Registration Act, 1908? If so- (a) date of conclusion of the agreement (b) date and registration number of the agreement (c) consideration for transfer recorded in the agreement ____________________________________ Signature of the transferee Verification I, _____________________________________________________________ ,do hereby declare that what is stated above is true to the best of my knowledge and belief. Verified today the_________________ day of__________ 20 _____ ________________________ Signature of the transferee Printed from www.taxmann.com Notes : 1. *If the space is insufficient, separate enclosures may be used for the purpose. 2. "Person interested", in relation to any immovable property, includes all persons claiming or entitled to claim an interest in the compensation payable on account of the acquisition of the property under Chapter XXA of the Income-tax Act, 1961. 3. "Fair market value", in relation to any immovable property transferred, means the price that immovable property would ordinarily fetch on sale in the open market on the date of execution of the instrument of transfer of such property.
Last Updated on Friday, 17 December 2010 05:30
 

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