capital gains on property
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 July 2011
My clients had purchased land in 1990 for Rs 6 lacs under agreement to sell.Now they are getting it registered in their name. The name of buyer in agreement to sell and regstration deed is same. They have constructed house on land in 1992. Now will capital gains be attracted in such a situation where only registration is being done to complete legal formalities and no change of ownership is being made.The POA is executing the registration deed on behalf of the seller.
07 July 2011
Your client is the purchaser of property.
*
Presently , It is the seller who has to think about the capital gains.
*
If seller is also your client, then only you may raise the question of capital gains.
*
Presently , It is the seller who has to think about the capital gains.
*
If seller is also your client, then only you may raise the question of capital gains.
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
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
