Capital gain
This query is : Resolved
14 November 2015
A HAS EXECUTED A GPA TO B AGAINST A RESIDENTIAL PROPERTY IN 2014.
B HAS SOLD THE RES PROPERTY TO C IN 2015 AND EXECUTED THE SALE DEED.
MY QUESTION IS :-
ON EXECUTION OF GPA A TO B , A IS LIABLE TO PAY CAPITAL GAIN OR NOT.
ON EXECUTION OF SALE DEED BY B TO C , WHO HAS IS LIABLE TO PAY CAPITAL GAIN A OR B, SINCE B WAS GPA HOLDER OF A IN THIS CASE.
B HAS SOLD THE RES PROPERTY TO C IN 2015 AND EXECUTED THE SALE DEED.
MY QUESTION IS :-
ON EXECUTION OF GPA A TO B , A IS LIABLE TO PAY CAPITAL GAIN OR NOT.
ON EXECUTION OF SALE DEED BY B TO C , WHO HAS IS LIABLE TO PAY CAPITAL GAIN A OR B, SINCE B WAS GPA HOLDER OF A IN THIS CASE.
14 November 2015
If the property is not handed over to B and no consideration is paid by B to A on the execution of GPA, A is liable to pay capital gain tax.
15 November 2015
1. On execution of GPA, A is not liable to pay CG tax.
2. On execution of sale deed by B yo C, A becomes liable to pay CG tax.
2. On execution of sale deed by B yo C, A becomes liable to pay CG tax.
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
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- TDS on Consultancy- Non DTAA
- Experts need help
- Eway bill generation from place other than registeted
- Management System (IMS)
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Condonation . E-Verification of last year return .
- FTS Taxable under 115A
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
