capital gain

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..... capital gain
Query (Issue) Started By: - alok srivastava Dated:- 8-5-2015 Last Reply Date:- 19-5-2015 Income Tax
Got 2 Replies
Income Tax
assessee claiming no capital gain is to be levid .....

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..... unless tital of the flate did not transfer, whereas the assessee has purchase the flate and then sell the flate without registration,without paying stamp duty . Reply By MARIAPPAN GOVINDARAJAN: The R .....

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..... eply: Your query is not clear. The facts may be given in a clear version. Reply By SANJAY DAVE: The Reply: Capital gain is chargeable on "transfer" of a "Capital Asset". Under s .....

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..... ection 2(47) (ii) of the Income Tax Act, 1961 extinguishment of any right in a capital asset amounts to Transfer of the capital asset. Flat is a property of any kind and hence a capital asset and even .....

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..... if you transfer the right to own a flat (before it is registered in your name) capital gains is chargeable on such transfer.
Discussion Forum - Knowledge Sharing .....

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