Capital gain in case of memorandum of sale
This query is : Open
Eswar Reddy S
(Querist)
05 June 2014
Hi All,
Our client has purchased property in 2002 and entered into memorandum of sale agreement in 2010 by receiving Rs.200000/- as advance.
Original transfer took place in March 2014 but the sale has been made to person other than to the person entered in memorandum agreement.
How to calculate capital in this case.
Sale consideration paid to both parties (I.e original seller and Confirmation party).
Our client has purchased property in 2002 and entered into memorandum of sale agreement in 2010 by receiving Rs.200000/- as advance.
Original transfer took place in March 2014 but the sale has been made to person other than to the person entered in memorandum agreement.
How to calculate capital in this case.
Sale consideration paid to both parties (I.e original seller and Confirmation party).
Gangavarapu Abhilash
(Expert)
05 June 2014
After entering into the memorandum of sale, is the the property given to the seller for use?
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Capital Gail Exemption Certificate
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
