Capital gain on transfer of land

S Gopal (audit) (44 Points)

24 August 2011  

Please suggest on this:

In one case A has an entered an agreement with  B to sell the Land, and after 5 years B sold land to C.

 B has not taken the possession, but paid the consideration.


Pls suggest how to compute capital gain & How. A detailed reply is appreciated. Thanks in advance.