The monetary transaction was completed in 2004-2005, registration of sale deed was done now, no monetary transaction took please in current period.
Capital gain will be calculated when monetary transaction take place 2004-05 or when registration is done 2020?
3 Replies
sabyasachi mukherjee
(27644 Points)
Replied 03 November 2020
Batra
This is not acceptable.
monetary transaction cannot be made unless actual transfer of the capital asset takes place.
In general these type of transactions does not take place.
This is not acceptable.
monetary transaction cannot be made unless actual transfer of the capital asset takes place.
In general these type of transactions does not take place.
ayusmita
(Tax consultant)
(5885 Points)
Replied 04 November 2020
How come he takes money first and after so many years he is making sale deed
first this types of thing is illogical
now what is shown in sale deed
date of transfer ??
date of sale??
and all
first this types of thing is illogical
now what is shown in sale deed
date of transfer ??
date of sale??
and all
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