Menu
Taxability on Adverse possession
Capital gain tax on sale of property acquired through adverse possession
Replies (3)
In my opinion, no capital gain is applicable because the courts have ruled that capital gain tax is not chargeable when the cost of acquisition is either nil or unascertainable. Many time decisions given by the Hon'ble Supreme Court and various High Courts across the country.
What if cost of acquisition in not nil.And under which section it will not taxable if cost is nil.
What do you mean by adverse position?
Recent Threads
- Turnover limit for composition dealer in gst
- My client purchases Rs. 3 crores and his turnover
- Regarding CA foundation Exemption (Direct Entry Sc
- CFSS Scheme
- Transfer of ITC from individual to LLP
- Query of Goodwill
- Remuneration to Partners
- Request For Dhirajlal Rambhia
- Tds deduction queery
- Check ITR1 on income tax Form ITR1 Instead of 1 ho
Related Threads
CAclubindia
