Date of transfer to capital gain

YASHPAL RAWAT (Querist) 29 July 2013 This query is : Resolved
If the Sale deed is excecuted and one clause is incorporated that the possession of property will be given after 2 month i.e. on so on so date and balance 20% of sales has to pay by buyer to seller on this date.
So the date of handing over possession in writing will be considered transfer date (date of sale) for calculating capital gain or date of execution of sale deed.

Follow Query

Report Abuse

Anirudh (Expert) 30 July 2013
The Capital Gain liability will arise with effect from the date of execution of the sale deed.

Rajendra K Goyal (Expert) 30 July 2013
Date of Registration of the sale deed.

Rajendra K Goyal (Expert) 30 July 2013
Not as on date you received the final payment.

Raj Kumar Makkad (Expert) 04 August 2013
Date of the registration of the sale-deed is the only answer to your query.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries