banner_ad

Chargeability on surplus received on transfer of booking of

This query is : Resolved 
Profile Image

Profile Image

(Querist)
24 May 2013 Mr. A booked at flat and paid Rs. 10,00,000/-. After sometime, he transferred it to other person at Rs. 25,00,000/-. Whether the surplus money of Rs. 15,00,000/- is taxable or not ? If yes, under which head ?

Note : The agreement was not been made till the time of transfer and hence the said flat was not registered in the name of Mr. A.
Profile Image

Guest

Profile Image

Guest (Expert)
25 May 2013 yes it is chargeable to capital gain.

As the definition of transfer u/s 2(47)includes:
the extinguishment of any rights
Profile Image

CA.Sourabh Sethia

Profile Image

CA.Sourabh Sethia (Expert)
25 May 2013 Agree with Mr Ashish
Profile Image

VIKAS SHARMA

Profile Image

VIKAS SHARMA (Querist)
25 May 2013 Thanks....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details