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Capital gains - transfer

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 February 2014 Consideration received in full, but possession not given, Whether amounts to transfer?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
10 February 2014 It is transfer for the purpose of capital gains because the transferee has a right to enter upon and exercise the acts of possession effectively by virtue of the payment of full consideration.
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Nikhil Kaushik online

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Nikhil Kaushik online (Expert)
10 February 2014 it doesn't. possession is necessary for completion of transfer...
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CA Deven

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CA Deven (Expert)
10 February 2014 ONCE THE CONSIDERATION IS GIVEN RISK AND REWARDS ARE TRANSFERRED FROM BUYER TO SELLER...

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