dear sir my client has purchased house on 5 th April 2018. for stamp value1200000.he paid advance. 500000 on. 12feb2018 ,, he sold that property on 25 march 2019.he rec'd advance 300000 recdon oct2019 my query is. at what date I treat purchase date. and transfer date and can he get any exemption
plz reply sir
Menu
ifhp income
Replies (1)
The gain/loss is short term, while date of transfer can be taken as the date of registration of transfer deed or possession handed over, whichever earlier.
Recent Topics :
- PAN CANCELLATION OF A DISSOLVED PARTNERSHIP FIRM
- Transport agency accounting entry in purchase &
- REGARDING HSN CODE FOR WASHING JOB CHARGES
- Advance Tax Due Date 2026
- Query – Interest on Capital Received by Part
- Query - Section 164(2)(a) – Interpretation o
- Submission for Expert Opinion on Rectification of
- NRI since March 2023 – resident savings acco
- My All-Time Top 15 Indian Web Series
- Wrong date of invoice
Related Topics :
CAclubindia
