I would like to know the treatment of the tax in this case. the house was sold in 1991 but at that time the documents were not executed. now in 2023 the documents are executed i.e.sale deed. there is no document for sale happened in 1991. in this case, in the sale deed if we mention that the house was sold in 1991 for Rs.200000 for ex and the current value of the house is Rs. 20 Lakh and in 2023 there is no exchange of money as well.
so will this attract long term capital gain in the hands of the seller?
CAclubindia
