Menu
Treatment of memorandum of understanding
person purchased a flat by memorandum of understanding n DLC is more than purchase, date of agreement and date of purchase is different. whether there is LTCG. what treatment should be done in this case
Replies (2)
Quick Summary
If the date of agreement for the flat purchase and the date of the actual purchase are different, the cost of acquisition should be determined based on the agreement date. LTCG will be applicable.
LTCG applicable in your case. Use date of agreement for calculation of indexation.
Recent Topics :
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
- Why are foreign investors suddenly buying Indian s
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
Related Topics :
CAclubindia
