income tax on property
This query is : Resolved
29 December 2009
Mr. B purchased a flat from Mr. A (who purchased of RS 50000 in 2001-02) of rs 300000 in 2005-06 but registry not made but power of atorney given, now Mr. C want to purchase from Mr. B of Rs 1000000 in 2009-10 and he want the registry in his name. I want to know the income tax liability of Mr. A & Mr. B
29 December 2009
Capital gain tax will be computed on your property and the period of holding will be from 2005 to 2010 and indexation will be done
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