Capital Gain

This query is : Resolved 

07 April 2009 My Friend was purchased a propery of Rs. 61 Lakh & issued Cheques of 3Lac 03/08/2006,2Lac 05/08/06 & 41 Lac 05/09/06 & 15Lac will pay after compition of the work,but agriment was not complted & builder return back total amount Rs. 85 Lac. 9 Lac 23/08/2008, 1Lac 23/08/08, 12 Lac 03/12/08, 33 Lac 14/02/09 & 30 Lac 31/05/09. So How Tax has been Calculated?
Fin. Year wise or any other. Pl. Suggest.

07 April 2009 if agreement for the said propety is made in F.Y.06-07 then it come under short term Capital Gain for the F.Y. 2008-2009



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

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries