CAPITAL GAIN

This query is : Resolved 

25 May 2011 ONE OF MY CLINT , HE WAS PARTNER IN A REG FIRM.FIRM ACTIVITY- BUILERS. AFTER SOME YEAR RETIRED FROM THE FIRM AND FIRM HAD GIVEN A FLAT AGANST THE CAPITL OF THE FIRM. AND MY HAD PAID REGITRATION CHARGES PAID AND STAMP DUTY ON FLAT AND REGISTER HIS NAME OF FLAT.ROUND 48560.00 STAMP DUTY.BUT ON SALE DEED THERE IS NO VALUE OF FLAT,. NOW THE PARTNER HAD SOLD FOR 19,00,000/
PLEASE TELL HOW TO SLOVE QUERY

25 May 2011 in this case the registration value taken for stamp duty will be applicable,

query would be more clear to reply if you had put the date of such registration.


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