Computation of LTCG
This query is : Resolved
PVS Sastry
(Querist)
16 March 2022
hello everyone,
If buyer of the property agrees to pay total capital gains tax on behalf of seller what are the tax complications in the hands of both buyer and seller with case laws/ appropriate provisions, if any. kindly give reply as soon as possible and oblige.
If buyer of the property agrees to pay total capital gains tax on behalf of seller what are the tax complications in the hands of both buyer and seller with case laws/ appropriate provisions, if any. kindly give reply as soon as possible and oblige.
CA R SEETHARAMAN
(Expert)
16 March 2022
Such payments will be considered as gift and taxed in the band's of the seller.
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