Long term capital gain

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nisha (Querist)
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04 September 2012 i want to buy a house property. the proposed seller is not having PAN card and no other income and never filed any returns. now how to deal with this long term capital gain from this house?will she be taxable??

Amol S Joglekar

Amol S Joglekar (Expert)
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04 September 2012 Are you also bothered about the CAPITAL GAIN of seller as payment consideration? The gain is taxable subject to however the computation

nisha

nisha (Querist)
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04 September 2012 sir i am bothered because now the seller is asking for the tax as additional amount other than consideration.

Amol S Joglekar

Amol S Joglekar (Expert)
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05 September 2012 This is something in ddition to what was negotiated. You need to handle this carefully as per "doctrine of indoor management". Anyway, as I said the capital gain is taxable in the hands of SELLER, subject to other conditions like cost of acquisition, basic exemption limit, senior citizen etc.

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