Capital gain on transfer of immovable property
This query is : Resolved
29 January 2016
Whether mere possession (not ownership)of immovable property is considered as capital asset held by possessor and transfer of such property by real owner with consent and giving part consideration to possessor is capital gain in the hands of possessor of property.
29 January 2016
How the occupier of the immovable property possessing it i.e. whether under a tenancy right or part performance u/s 53A of TPA, 1882.
In both the cases, the possessor is liable for capital gains tax.
In both the cases, the possessor is liable for capital gains tax.
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