Capital gain
Hello,
There I want answer of two questions
In case of sale of house property how the indexation will be done for the property purchased in installment, with each installment or with a whole consideration?
And Is advance given for property and sold after 3 years without having legal title in the name of assessee elegible for benifit under sec. 54
Thankyou in advance
Replies (2)
1. With each installments, paid after allotment/agreement
2. Not u/s. 54; but u/s. 54F with rights in the property/title acquired wide any documentary evidence.
Agree with our senior expert
Recent Topics :
- Bill-to-ship-to material at client site, project c
- Export previously now to be considered domestic sa
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
Related Topics :
CAclubindia
