Capital gain liability builder returns money
This query is : Resolved
Quick Summary
13 April 2024
Hi,
One of my friend bought the property from builder in cheque amount but builder is registry not done and after some years builder returns the money with extra amount.
I want to know what will impact in income tax extra money will be given by builder?
One of my friend bought the property from builder in cheque amount but builder is registry not done and after some years builder returns the money with extra amount.
I want to know what will impact in income tax extra money will be given by builder?
13 April 2024
Long term Capital gains tax applicable after indexation benefits.
13 April 2024
Thank you sir but builder is not registry made
13 April 2024
Sale agreement is enough.
13 April 2024
Both parties didn't get into registry and property returned back to builder without any sale.
What all documents will be required?
What all documents will be required?
13 April 2024
Property purchase agreement and letter for return of money or bank statement.
13 April 2024
Thank you so much sir for resolve my query
14 April 2024
You are welcome..
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