TaxTMI 
TaxTMI 
Capital gain
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....apital gain<br> Query (Issue) Started By: - ishwar hegde Dated:- 24-1-2013 Last Reply Date:- 21-3-2015 Income Tax<br>Got 1 Reply<br>Income Tax<br>sir, we have given open plot for builders iand they g....
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....ive us 2 flats to us as cosidatation we have not yet taken the possesion of the flats. whether we have to pay tax on capital gain during this year? what is the proceedure in this regard? when the actu....
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....al tax liability occaurs? plz let me know at the earliest. than you Reply By Rama Krishana: The Reply: It the event of transfer of land in favor of builder that give rise to computation of capital ....
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....gain. To ascertain the date of transfer, relevant documents, agreement etc. are to be examined. The possession of flats may be a relevant factor for ascertaining the consideration, but taxability is i....
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....ndependent to that to be ascertained separately.<br> Discussion Forum - Knowledge Sharing ....