Capital Gain
This query is : Resolved
Quick Summary
25 September 2020
Sir,
I have a flat (Construction is in Process), I want to sell this flat to my Mother with regular consideration, but in the sale agreement seller is myself self and the purchaser are two one is my mother and the second myself. Now my quarry is whether the consideration amount is applicable for CAPITAL GAIN TAX.
I have a flat (Construction is in Process), I want to sell this flat to my Mother with regular consideration, but in the sale agreement seller is myself self and the purchaser are two one is my mother and the second myself. Now my quarry is whether the consideration amount is applicable for CAPITAL GAIN TAX.
26 September 2020
Please make agreement wherein only 50% share is sold. and remaining 50% remains to be with you.
26 September 2020
You cannot sell your property to yourself wholly or partly, hence rest of the issue stands infructuous.
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
- TDS 194-T applicability
- Fixe term employment
- GST ITC REVERSE
- Withdrawal in cash from partners capital account by partner
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Consolidated financials
- Tds on commission charges
- Regarding Applicability of Tax Audit u/s 44AB
- TDS on TRUST
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
