ICICI

Capital Gain


rakesh (trainee)     19 July 2019

rakesh
trainee 
 3 likes  52 points

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I have got a property by power of attorney transfer because property was related with society for RS 20 lakh. In the f.y.2018-19 I transfer this POA to another person and receive consideration Rs. 50 Lakh approx. 1/2amount in current f.y. and balance is in next year. I want to know the taxability about this transaction in a y. 2019-20. How can show this transaction in return? whether I am liable to pay tax under capital gain and can I get benefit of indexation cost. please clarify.




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