09 July 2009
capital gain applicability property transfer, possession not given. In agreement two typ of payments 20% at the begining for part performance & 80% in end & last installment incl noc etc. payment i want to know when capital gain will be applicable : 1 whether at 20% stage - begining 2 whether at 80% in end 3 whether when possesion is given please give applicable case laws & procedure regarding transfer of property Act,1882. thanking you.
09 July 2009
Capital gain is ariese when capital assets are transfer.In case if possesion is not receive or late receive but property get register than in such case capital gain arises
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