rakesh (trainee) 19 July 2019
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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