tax implication
This query is : Resolved
26 May 2011
Mr.A booked a residential 1000 sft flat @Rs. 1500/- per sft from B LTD .At the time of registration stamp duty value is rs. 2300/- per sft.
what will be the tax implication on the diference amount(2300-1500)x1000 on both the assessee?
what will be the tax implication on the diference amount(2300-1500)x1000 on both the assessee?
26 May 2011
IN THE HANDS OF SELLER 2300 WILL BE TAKEN AS SALE VALUE FOR CAP GAIN PURPOSES
IN THE HANDS OF BUYER NO EFFECT
CA MANOJ GUPTA
JODHPUR
09828510543
IN THE HANDS OF BUYER NO EFFECT
CA MANOJ GUPTA
JODHPUR
09828510543
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- GST Regis.
- Tds on building rent monthly
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- RCM INVOICING FROM NOV-2024
- Individual capital equal to which assets of balance sheet
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
