Section 45(5A)

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32 Points Posted on 30 May 2020
when I have transferred my share in flats before obtaining completion certificate then when will capital gain liability arise:
at the time of date of transfer of such share or at the time of transfer of property to developer?
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On 30 May 2020 at 01:17 Report
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This discussion clarifies the timing of capital gains tax liability when shares in flats are transferred before a completion certificate is issued. The consensus is that the tax liability arises at the point of the share transfer, not when the property is eventually transferred to the developer.

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69650 Points Posted on 30 May 2020

I think it arises at the time of transfer of such shares........

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On 30 May 2020 at 20:04
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837 Points Posted on 30 May 2020
Yes, it shall be taxable at the time of transfer of shares.
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On 30 May 2020 at 21:16

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