Capital Gain
This query is : Resolved
Quick Summary
25 September 2020
Sir,
I have a flat (Construction is in Process), I want to sell this flat to my Mother with regular consideration, but in the sale agreement seller is myself self and the purchaser are two one is my mother and the second myself. Now my quarry is whether the consideration amount is applicable for CAPITAL GAIN TAX.
I have a flat (Construction is in Process), I want to sell this flat to my Mother with regular consideration, but in the sale agreement seller is myself self and the purchaser are two one is my mother and the second myself. Now my quarry is whether the consideration amount is applicable for CAPITAL GAIN TAX.
26 September 2020
Please make agreement wherein only 50% share is sold. and remaining 50% remains to be with you.
26 September 2020
You cannot sell your property to yourself wholly or partly, hence rest of the issue stands infructuous.
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