suggestion on a deal
This query is : Open
03 February 2010
inorder to help me a freind broker ask me to pay him 10.5lakhs today which he will use in his business and he will offer me a 1bhk flat after 3 years. the 1bhk flat is under construction whose value today is Rs.21lakhs
will i get attracted by tax when the flat will be transferedin my name or what wud be the safest suggestion to go ahead.
will i get attracted by tax when the flat will be transferedin my name or what wud be the safest suggestion to go ahead.
03 February 2010
You will not get any tax liability. Because you are not selling the house . So there is no question of Capital Gain. But one thing please take all proper documents of the flat in your name and discuss about registration charge now itself.
Amit
Amit
Message likes :
1 times
03 February 2010
but sir
i am paying him Rs.10.5lakhs for the flat which is of value Rs.21lakhs. the difference of Rs.10.5lakhs wont create any problem.
will it do if i make an agreement that Mr.x(broker) will offer me a 1bkh flat in so&so Bldg after 3yrs for a payment of Rs.10.5lakhs made today 3/feb/2010. on a stamp paper.
plz suggest
i am paying him Rs.10.5lakhs for the flat which is of value Rs.21lakhs. the difference of Rs.10.5lakhs wont create any problem.
will it do if i make an agreement that Mr.x(broker) will offer me a 1bkh flat in so&so Bldg after 3yrs for a payment of Rs.10.5lakhs made today 3/feb/2010. on a stamp paper.
plz suggest
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- GST rate for millets.
- RCM INVOICING FROM NOV-2024
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
CAclubindia
