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Capital gain
I have a query if a person purchased a property in 2011 and sale it in 2018 but at the time of purchase the ownership is not transferred in the name of purchaser in 2011.and he sold the property directly in 2018.now how to calculate the tax on such cap gain.
Replies (3)
Registration of transaction is the prima facie evidence for buy/sell of asset. Implicit/oral transaction without registration will not be treated as sale/purchase.
But now in 2018 the property is sold and transfer deed is register in the name of buyer.
Who is seller in the agreement! It ought to be the original owner. plz check
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