Capital gains - transfer
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 February 2014
Consideration received in full, but possession not given, Whether amounts to transfer?
10 February 2014
It is transfer for the purpose of capital gains because the transferee has a right to enter upon and exercise the acts of possession effectively by virtue of the payment of full consideration.
10 February 2014
it doesn't. possession is necessary for completion of transfer...
10 February 2014
ONCE THE CONSIDERATION IS GIVEN RISK AND REWARDS ARE TRANSFERRED FROM BUYER TO SELLER...
THANKS
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