Capital gain on transfer of land

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Please suggest on this:

In one case A has an entered an agreement with  B to sell the Land, and after 5 years B sold land to C.

 B has not taken the possession, but paid the consideration.


Pls suggest how to compute capital gain & How. A detailed reply is appreciated. Thanks in advance.

Replies (1)
Taking possession is immaterial to compute cg where consideration has been paid. Sale of land by B to C will be taxable as LTCG. Cost of Acquisition to B will be the amount paid to A.

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