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Chargeability on surplus received on transfer of booking of

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(Querist)
24 May 2013 Mr. A booked at flat and paid Rs. 10,00,000/-. After sometime, he transferred it to other person at Rs. 25,00,000/-. Whether the surplus money of Rs. 15,00,000/- is taxable or not ? If yes, under which head ?

Note : The agreement was not been made till the time of transfer and hence the said flat was not registered in the name of Mr. A.
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Guest (Expert)
25 May 2013 yes it is chargeable to capital gain.

As the definition of transfer u/s 2(47)includes:
the extinguishment of any rights
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CA.Sourabh Sethia

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CA.Sourabh Sethia (Expert)
25 May 2013 Agree with Mr Ashish
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VIKAS SHARMA

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VIKAS SHARMA (Querist)
25 May 2013 Thanks....

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