Question Reagarding Income tax

unless the house is sold, no question of capital gain. 

no capital gain, no tax

agree with mr sharma

If Property has Not Transfer  then No Capital gain Arise, and no capital gain tax attracted on Property.

Originally posted by : U S Sharma
	unless the house is sold, no question of capital gain.  no capital gain, no tax

AGRRED.

yes Hardik, Capital gain arises on account of transfer of capital asset...just because of change in value he doesnt have to pay tax...The property must be transferred i.e sold for the question of capital gain to arise...

Originally posted by : U S Sharma
	unless the house is sold, no question of capital gain.  no capital gain, no tax

Agreed

without sale how could we calculate tax

YES , I DO AGREE WITH ALL OF THE EXPERTS ABOVE THAT HOLDING A PROPERTY IS NOT TH TRANSFER WITHIN THE MEANING OF SECTION 2(47) , SO SINCE BASIC CONDITION OF CAPITAL GAIN THAT IS THERE MUST BE THE ASSET AND TRANSFER DOES NOT FULFILL , SO NO QUESTION OF CAPITAL GAIN ARISE , HOWEVER YOU MAY FALL WITHIN THE AMBIT OF WEALTH TAX LIABILITY.

in this case no capital gain tax

Mr. Hardik you have asked a incomplete question. The message given all above friends are true. However since the question is not complete the answer is can't be completed.