Capital Gain
Querist :
Anonymous
(Querist) 05 March 2016
This query is : Resolved
I received bulk ready flats with committed cash flow as compensation from developer with whom we entered JV to develop township on our land parcel. These flats wir handed over to me at 2014 ready recokner rates. Now I m looking to raise finance against these flats for which I will hv to do sale deed. Now in this case Do I hv to pay Direct tax of 30% as Capital gain or Is this short term capital gain wir difference of 2014 rates and current rates will be considered to charge 20% capital gain tax.
Also does repurchase of my sold property within 11 month attract reimbursement of stamp duty or adjustment of stamp duty. Pls advise wat I m suppose to pay.
