TaxTMI 
TaxTMI 
Capital Gain
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....apital Gain<br> Query (Issue) Started By: - Ethirajan Parthasarathy Dated:- 21-2-2023 Last Reply Date:- 7-4-2023 Income Tax<br>Got 1 Reply<br>Income Tax<br>"A" enters into agreement of sale for purcha....
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....ses of property belonging to "B". A gives part payment as advance in two instalments. Later "A" assigns the agreement in favor of "C" and in the process recovers advance given plus premium from "C". ....
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....There are decisions to say that premium has to be taxed as capital gain because right to acquire property is also immoveable property. In the above circumstance, how is the cost arrived at and whether....
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.... indexing is allowed for each of advance given at different dates. Reply By Padmanathan Kollengode: The Reply: Installments paid will be treated as cost. indexation will be allowed for each installm....
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....ents based on year in which such installment is paid. However, the question of indexation arises only if it is a LTCG ie. sold after 2 years from allotment.<br> Discussion Forum - Knowledge Sharing ....