Regarding tax on sale of very old property
This query is : Resolved
20 April 2018
Dear sir,
I have a very old property (before 100 Yrs old) & now want to sale it.
I want to know that what will be tax treatments regarding sale of this property ?
Whereas
I have a court Judgement dated 1960 against income tax department regarding my another old property which was in my favor telling that no any tax will be calculated against sale of that old property.
Is this Judgement also apply on sale of my current old property ?
thanks
I have a very old property (before 100 Yrs old) & now want to sale it.
I want to know that what will be tax treatments regarding sale of this property ?
Whereas
I have a court Judgement dated 1960 against income tax department regarding my another old property which was in my favor telling that no any tax will be calculated against sale of that old property.
Is this Judgement also apply on sale of my current old property ?
thanks
21 April 2018
it would be great if you could share the copy of earlier judgment for everyone to refer.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Regarding Applicability of Tax Audit u/s 44AB
- Section 50-fixed asset-->building ceases to exist
- TDS on TRUST
- Withdrawal in cash from partners capital account by partner
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Tds on commission charges
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
