income tax on property
This query is : Resolved
CA Sandeep k Agrawal
(Querist)
29 December 2009
Mr. B purchased a flat from Mr. A (who purchased of RS 50000 in 2001-02) of rs 300000 in 2005-06 but registry not made but power of atorney given, now Mr. C want to purchase from Mr. B of Rs 1000000 in 2009-10 and he want the registry in his name. I want to know the income tax liability of Mr. A & Mr. B
Arjuna Raina
(Expert)
29 December 2009
Capital gain tax will be computed on your property and the period of holding will be from 2005 to 2010 and indexation will be done
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