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?
Menu
Capital Gains on sale of land
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.
The date of transfer is the date when it satisfies the conditions mentioned therein.
Recent Topics :
- LTCG: Home Loan Principal Repayment?
- Ims action relationship query
- GIFT REGARDING
- TDS on salary to non resident managing director
- Ewaybill and Transport documents (Lorry receipt)
- LTCG on sale of Builder Buyer Agreement
- Rule 13(2)(h) and valuation of CCDs
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
- TDS processed with short deduction default
Related Topics :
CAclubindia
