24 December 2011
If a person has purchased a property during the year 2005-06 but does not register and get it registered in 2011-12 and pay registration charges as per todays stamp duty valuation. What is the tax implications in the hands of purchaser n seller on such registration?
24 December 2011
Purchase of property will be consider only in year 2011-12 when property actually transfer. Amount paid by you in year 2005-06 will be consider as advance for propery. so if propery is transfer in less than 3 year from 2011-12, will STCG
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