Capital Gains Tax on Property Sale: Date of Transfer Set as December 11, 2008, u/s 2(47) of Income Tax Act.

Capital Gains Tax on Property Sale: Date of Transfer Set as December 11, 2008, u/s 2(47) of Income Tax Act. https://www.taxtmi.com/highlights?id=71261 Capital gains for taxation on sale of property - Date of Transfer u/s 2(47) - Developer happens to be the signatory of the sale deed, therefore, the Developer cannot issue a document contrary to the contents of the registered document to which he is a signatory. Undoubtedly, the possession has been given only on 11.12.2008 and therefore, it was taken place only on 11.12.2008 and hence we do not find any merit in the appeal of the assessee. - AT en-us Wed, 02 Aug 2023 13:48:59 +0530 Wed, 02 Aug 2023 13:48:59 +0530 TaxTMI RSS Generator Capital Gains Tax on Property Sale: Date of Transfer Set as December 11, 2008, u/s 2(47) of Income Tax Act. https://www.taxtmi.com/highlights?id=71261 Capital gains for taxation on sale of property - Date of Transfer u/s 2(47) - Developer happens to be the signatory of the sale deed, therefore, the Developer cannot issue a document contrary to the contents of the registered document to which he is a signatory. Undoubtedly, the possession has been given only on 11.12.2008 and therefore, it was taken place only on 11.12.2008 and hence we do not find any merit in the appeal of the assessee. - AT Highlights Income Tax Wed, 02 Aug 2023 13:48:59 +0530 https://www.taxtmi.com/highlights?id=71261