Capital Gains Tax


Vinod Mehta   19 October 2019

Vinod Mehta

 5 points

| My Other Post

I sold residential builder floor by POA in Gurgaon in 2006 when they were not registrable. I got POA and other papers registered in Delhi as it was registrable in Gurgaon. The buyer got it registered in Gurgaon in year 2013 when registration was opened. Case came up for scrutiny ant ITD is applying circle rates of 2013. Is it correct or what should be done.

avater

Dhirajlal Rambhia (KVO Merau Kutchh)     19 October 2019

Dhirajlal Rambhia
KVO Merau Kutchh 
 9094 likes  92433 points

View Profile | My Other Post

You can defend the case based on possession date; otherwise registration date will be considered.

Vinod Mehta   19 October 2019

Vinod Mehta

 5 points

View Profile | My Other Post

Thanks for your quick reply. Is there any ruling on your suggested action.

avater

Dhirajlal Rambhia (KVO Merau Kutchh)     19 October 2019

Dhirajlal Rambhia
KVO Merau Kutchh 
 9094 likes  92433 points

View Profile | My Other Post

https://www.pwc.in/assets/pdfs/news-alert-tax/2018/pwc_news_alert_1_march_2018_date_of_agreement_to_sale_not_date_of_sale_deed.pdf

Vinod Mehta   19 October 2019

Vinod Mehta

 5 points

View Profile | My Other Post

Thanks Dhirajlal ji for valuable guidance. Will contact you for more info if required.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Popular Discussion


view more »