Is capital gain tax applicable
This query is : Resolved
30 November 2019
Dear sir
My mother entered into a land development agreement with a builder on 45-55 ratio .my mother did not sold any part of her share till now after possession.now I want to know whether it attracts for long term capital gain tax ?
My mother entered into a land development agreement with a builder on 45-55 ratio .my mother did not sold any part of her share till now after possession.now I want to know whether it attracts for long term capital gain tax ?
30 November 2019
On possession it attracts capital gains tax.
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