Moveable and Immoveable property.
Movable Property
1. The movable property can easily be transported from one place to another, without changing its shape, capacity, quantity or quality.
2. Examples: vehicles, books, utensils, timber, etc.
3. Mango trees, if cut and sold for timber purpose, are deemed as movable property.
4. Contract for cutting the bamboos and collection of beedi leaves for orve sjear comes under movable property.
5. The movable property need not be registered under the Indian Registration Act, 1908. It is purely optional.
6. The movable property is liable to sales tax, and Central sales tax, subject to certain restrictions and conditions under the Andhra Pradesh General Sales Tax Act, 1957 (or the State concerned) and the Central Sales Tax Act, 1956.
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