TaxTMI 
TaxTMI 
capital gain
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....apital gain<br> Query (Issue) Started By: - alok srivastava Dated:- 8-5-2015 Last Reply Date:- 19-5-2015 Income Tax<br>Got 2 Replies<br>Income Tax<br>assessee claiming no capital gain is to be levid u....
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....nless tital of the flate did not transfer, whereas the assessee has purchase the flate and then sell the flate without registration,without paying stamp duty . Reply By MARIAPPAN GOVINDARAJAN: The Re....
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....ply: Your query is not clear. The facts may be given in a clear version. Reply By SANJAY DAVE: The Reply: Capital gain is chargeable on "transfer" of a "Capital Asset". Under se....
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....ction 2(47) (ii) of the Income Tax Act, 1961 extinguishment of any right in a capital asset amounts to Transfer of the capital asset. Flat is a property of any kind and hence a capital asset and even ....
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....if you transfer the right to own a flat (before it is registered in your name) capital gains is chargeable on such transfer.<br> Discussion Forum - Knowledge Sharing ....