Easy Office
LCI Learning

Capital gain liability builder returns money

This query is : Resolved 
Profile Image

Profile Image

(Querist)
13 April 2024 Hi,
One of my friend bought the property from builder in cheque amount but builder is registry not done and after some years builder returns the money with extra amount.

I want to know what will impact in income tax extra money will be given by builder?
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
13 April 2024 Long term Capital gains tax applicable after indexation benefits.
Profile Image

pooja Garg

Profile Image

pooja Garg (Querist)
13 April 2024 Thank you sir but builder is not registry made



Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
13 April 2024 Sale agreement is enough.
Profile Image

pooja Garg

Profile Image

pooja Garg (Querist)
13 April 2024 Both parties didn't get into registry and property returned back to builder without any sale.
What all documents will be required?
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
13 April 2024 Property purchase agreement and letter for return of money or bank statement.
Profile Image

pooja Garg

Profile Image

pooja Garg (Querist)
13 April 2024 Thank you so much sir for resolve my query
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
14 April 2024 You are welcome..
...




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links