banner_ad

Capital gain-short or long term

This query is : Resolved 
Profile Image

Profile Image

(Querist)
04 October 2012 Capital Gains on Sale/Transfer of vacant land by an Individual (family) booked by an Agreement of Sale in 2004, but pending to be registered in his name. Capital Gains thereof will be Long Term or Short Term, if sold during the year 2011-12
Profile Image

U S Sharma

Profile Image

U S Sharma (Expert)
04 October 2012 if not registered in name, then who is the seller?

if the deed of agreement of sale is registered, and all payments has been made by that time, then this may be treated as date of aquisition. then it can be treated as long term
Profile Image

Pankaj Gupta

Profile Image

Pankaj Gupta (Expert)
05 October 2012 Registration is not important.what is important is date of acquisition. If the land was acquired in 2004 and possession was taken at that time then long term capital gain will arise.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details