Sale agreement without notary
Querist : Anonymous
Above flate purchased because of saving tax u/s 54F on LTCG.
Can i take exemption still as it is not register by notaral ?
Is it compulsory that sale agreement must be registered by notery for claiming exemption u/s 54F
1. is there really movement of sale consideration from you to your father.
2.Is it being assessed as capital gain income in his hands.
Querist : Anonymous
Querist : Anonymous
1.It is made within the time prescribed in section 54f
2.You have only one other residential house at the time the transfer of asset for which you are claiming sec 54F
Note:
But as you said the consideration is paid in cash, you should be in position to prove the movement of consideration from you to your father if in case asked by the department in future.
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