Capital gain
This query is : Resolved
AMIT AGRAWAL
(Querist)
06 June 2014
I PURACHSED A LAND IN PARTNERSHIP FOR RS 10/- LACS CIRCLE RATE IS RS 25/- LACS . IS THERE ANY PROBLEME, WHETHER SEC 56(2)(vii) Applicable
Nikhil Kaushik
(Expert)
06 June 2014
you purchased in partnership as in two people buying jointly or in a partnership firm?
56(2)(vii) wont apply to partnership firm but will apply to joint purchases.
56(2)(vii) wont apply to partnership firm but will apply to joint purchases.
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