Capital gain
This query is : Resolved
16 June 2015
if flat is sold and loan is outstanding against the said flat, whether the home loan outstanding is deducted from the sale price and also which date is considered as sale date.
17 June 2015
1. no. loan amount is not deducted.
2. the date on which the title is handed over to the buyer.
2. the date on which the title is handed over to the buyer.
17 June 2015
no, loan is not deducted from the sales proceeds.
sale date is consider as date of agreement of sale
sale date is consider as date of agreement of sale
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
