Capital gain
This query is : Open
05 April 2014
if in a company a person had given guarantee, the company became NPA and property of guarnter also sold in auction by the bank. here what will be the tax treatment for the property of guarnter which were sold in the auction.
05 April 2014
sale price - cost of equistion= if long term assets then pay LTCG @ 20% +3% cess
08 April 2014
but if we see than is there any consideration which assessee got....
coz he only gave guarantee n no benefit is directly attributable to him as consideration
coz he only gave guarantee n no benefit is directly attributable to him as consideration
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