Capital gain
This query is : Resolved
01 February 2012
there were 4 co-owner of particular property say 'A', 'B', 'C' & 'D'. 'A' fraudulently transfer the property in his own name. after some period he decides to give some compensation to other 3 remaining persons.
so my query is, weather such expenses are allowable him while calculating capital gain or in any other way.......
please provide me the related provision too.....
thank you.
so my query is, weather such expenses are allowable him while calculating capital gain or in any other way.......
please provide me the related provision too.....
thank you.
02 February 2012
Transfer being fraudulent means no legal transfer to A hence no question of taxation or any other obligation except to face the punishment per law prevailing towards fraudulent actions by A.
02 February 2012
but he already got the title of property. then............????
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?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
