Capital gain
This query is : Resolved
15 May 2018
Hello dear expertsSold a house 50 percent amount received in last year and 50 percent amount received in current year and same for the expenses incurred on it and registry also done in current year. So my question is in which year have to calculate capital gain
15 May 2018
If possession is handed over in last year, offer capital gains in last year, otherwise in current year.
Inference - section 2 (47) (v).
Inference - section 2 (47) (v).
15 May 2018
If it is your OWN RESIDENTIAL HOUSE, where you / your immediate family used to reside or pay municipal property taxes , for last 3 years , before initial agreement then LTCG (income on sales of it)=0 (zero)
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