Capital Gain
This query is : Resolved
07 April 2009
My Friend was purchased a propery of Rs. 61 Lakh & issued Cheques of 3Lac 03/08/2006,2Lac 05/08/06 & 41 Lac 05/09/06 & 15Lac will pay after compition of the work,but agriment was not complted & builder return back total amount Rs. 85 Lac. 9 Lac 23/08/2008, 1Lac 23/08/08, 12 Lac 03/12/08, 33 Lac 14/02/09 & 30 Lac 31/05/09. So How Tax has been Calculated?
Fin. Year wise or any other. Pl. Suggest.
Fin. Year wise or any other. Pl. Suggest.
07 April 2009
if agreement for the said propety is made in F.Y.06-07 then it come under short term Capital Gain for the F.Y. 2008-2009
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