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Capital gain liability builder returns money

This query is : Resolved 
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(Querist)
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?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
13 April 2024 Long term Capital gains tax applicable after indexation benefits.
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pooja Garg

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pooja Garg (Querist)
13 April 2024 Thank you sir but builder is not registry made
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
13 April 2024 Sale agreement is enough.
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pooja Garg

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pooja Garg (Querist)
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?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
13 April 2024 Property purchase agreement and letter for return of money or bank statement.
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pooja Garg

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pooja Garg (Querist)
13 April 2024 Thank you so much sir for resolve my query
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
14 April 2024 You are welcome..
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