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Capital gain

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(Querist)
29 July 2014 If a purchaser made an advance for acquiring an asset, but asset transfer does not exist. The seller did not refund for a long time that advance amount( huge amount)?


Pls tell me the in IT angle for both purchaser and seller?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
29 July 2014 then as per finance act 2014 such amount shall be taxable as income from other sources
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