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 Topic
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
Related Topics
CAclubindia
