Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 April 2013
Asseesee purchased property in 2010 and paid full money in advance.
The property is not registered in his name and is still in name of constructor.
Now in 2013 he directly transfers the property to other person.
Whether capital gain arises and if so whether it will be long term?
The property is not registered in his name and is still in name of constructor.
Now in 2013 he directly transfers the property to other person.
Whether capital gain arises and if so whether it will be long term?
CA Vikas Acharya
(Expert)
18 April 2013
transfer of rights also taxable under captial gain.
for long term or short term consider period of holding, whether 36 months or less
for long term or short term consider period of holding, whether 36 months or less
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