03 February 2010
inorder to help me a freind broker ask me to pay him 10.5lakhs today which he will use in his business and he will offer me a 1bhk flat after 3 years. the 1bhk flat is under construction whose value today is Rs.21lakhs will i get attracted by tax when the flat will be transferedin my name or what wud be the safest suggestion to go ahead.
03 February 2010
You will not get any tax liability. Because you are not selling the house . So there is no question of Capital Gain. But one thing please take all proper documents of the flat in your name and discuss about registration charge now itself. Amit
03 February 2010
but sir i am paying him Rs.10.5lakhs for the flat which is of value Rs.21lakhs. the difference of Rs.10.5lakhs wont create any problem.
will it do if i make an agreement that Mr.x(broker) will offer me a 1bkh flat in so&so Bldg after 3yrs for a payment of Rs.10.5lakhs made today 3/feb/2010. on a stamp paper. plz suggest
CAclubindia
