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..
...
...
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
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Reprocessing of rectification order AY 2025-26
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Foreign lottery ticket bought online from India: legality, tax and consequences
- TDS on TRUST
- Putting a heading on received mail
- Section 50-fixed asset-->building ceases to exist
- Regarding Applicability of Tax Audit u/s 44AB
- 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
- 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
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
