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Capital Gains on sale of land

CA Final 236 views 2 replies
1. Mr A received advance consideration of Rs 500000 against sale of land on 25.1.19 and balance consideration on 15.4.19.
In which AY capital gain will be applicable?

2. Mr A paid fees of non construction charges to improovment Trust regularly for 6 yrs. whether it will be included in cost of improvement?
Replies (2)

1. Depends upon transfed deed date & possession of property.

2. No, if its maintenance charges like. Otherwise yes.

If sale deed has not been registered then section 53 A of transfer of property act applies here.
The date of transfer is the date when it satisfies the conditions mentioned therein.


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