Contact us   Feedback   Annual Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

Capital Gain

Income Tax - Started By: - SANDEEP GUPTA - Dated:- 23-4-2016 Last Replied Date:- 25-4-2016 - I seek your opinion on the following issue,Mr. A execute & registered an agreement to sell in 2011 for buying aplot from Mr. B, which was proposed to be allotted against hisacquisition of agricultural land by NOIDA. Simultaneously Mr. B alsogiven and registered GPA to Mr. C, who is Son of Mr. A, on same Day.In Feb.2015 Noida issued an allotment letter with an instruction todeposit development charges .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

given his own PAN.Sale proceeds of the plot is received in the name of Mr. A (Father ofGPA holder).1% TDS has been deducted by Buyer of Mr. A .Now queries are as under,1) Who is the transferor of the asset.2) What is holding period of the assets.3) Who is liable to pay tax on .4) Is could be treated as LTCG in any way.5) Is PAN quoted by GPA is correct, if no how it can be rectified.6) If Mr. A is not transferor, how to treat the amount received in the hand of Mr. A from Buyer.Please guide me as .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version