Capital gain
This query is : Resolved
14 November 2015
A HAS EXECUTED A GPA TO B AGAINST A RESIDENTIAL PROPERTY IN 2014.
B HAS SOLD THE RES PROPERTY TO C IN 2015 AND EXECUTED THE SALE DEED.
MY QUESTION IS :-
ON EXECUTION OF GPA A TO B , A IS LIABLE TO PAY CAPITAL GAIN OR NOT.
ON EXECUTION OF SALE DEED BY B TO C , WHO HAS IS LIABLE TO PAY CAPITAL GAIN A OR B, SINCE B WAS GPA HOLDER OF A IN THIS CASE.
B HAS SOLD THE RES PROPERTY TO C IN 2015 AND EXECUTED THE SALE DEED.
MY QUESTION IS :-
ON EXECUTION OF GPA A TO B , A IS LIABLE TO PAY CAPITAL GAIN OR NOT.
ON EXECUTION OF SALE DEED BY B TO C , WHO HAS IS LIABLE TO PAY CAPITAL GAIN A OR B, SINCE B WAS GPA HOLDER OF A IN THIS CASE.
14 November 2015
If the property is not handed over to B and no consideration is paid by B to A on the execution of GPA, A is liable to pay capital gain tax.
15 November 2015
1. On execution of GPA, A is not liable to pay CG tax.
2. On execution of sale deed by B yo C, A becomes liable to pay CG tax.
2. On execution of sale deed by B yo C, A becomes liable to pay CG tax.
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