Easy Office
LCI Learning

Capital gain on transfer of immovable property

This query is : Resolved 

29 January 2016 Whether mere possession (not ownership)of immovable property is considered as capital asset held by possessor and transfer of such property by real owner with consent and giving part consideration to possessor is capital gain in the hands of possessor of property.

29 January 2016 How the occupier of the immovable property possessing it i.e. whether under a tenancy right or part performance u/s 53A of TPA, 1882.

In both the cases, the possessor is liable for capital gains tax.



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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query