Easy Office

How to saved capital gain??

This query is : Resolved 
Profile Image

Profile Image

(Querist)
22 February 2016 I purchased house before 3 years in fully cash and house not shown in my books of account. at the time of sale the house, purchaser party payment through cheque. how I saved the capital gain on sale of house????
Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
23 February 2016 when you bought the house, you must have made an agreement to that effect?
Profile Image

CA Vap Patel

Profile Image

CA Vap Patel (Expert)
23 February 2016 Do you have purchase agreement? And since you finance it with cash only hence you are required to give source of finance.
Regards
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
23 February 2016 Sale is duly done. You can very well opt for saving the capital gain tax.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


easyoffice CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links