Possession of property
This query is : Resolved
28 July 2012
I Sold a flat. The Capital Gain arise on this sale,But My Quesion is When Sale date is to be assume :-
At the time of Registry
At the Time of Payment
Or Other
Please give me response with full of Clarification
Thanks In Advance
At the time of Registry
At the Time of Payment
Or Other
Please give me response with full of Clarification
Thanks In Advance
Mohit Naithani
(Expert)
28 July 2012
For Immovable Property - When document are registered.
For Movable Property - When document are registered or if Sec 53A of Transfer of Property Act satisfied...
In your case "Date of Registry" is a date of Transfer.
For Movable Property - When document are registered or if Sec 53A of Transfer of Property Act satisfied...
In your case "Date of Registry" is a date of Transfer.
SANYAM ARORA
(Expert)
28 July 2012
Agreed with the reply
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