Regarding tax on sale of very old property
This query is : Resolved
Praveen Jain
(Querist)
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
Nikhil Kaushik
(Expert)
21 April 2018
it would be great if you could share the copy of earlier judgment for everyone to refer.
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