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Capital Gain on Sale of Land

(Querist) 22 June 2011 This query is : Resolved 
(1) MR. A had purchased a land before 1-4-1981 & sold of Rs. 50 lacs to "C" and received on 10% of selling amount but unfortunately Mr. "B" is taken court stay on that land. In these case Capital on sale of land is Chargable.

(2) Mr. A is liable to pay the 20% flat tax after FVM.

(3) pls send us a copy of judgement, if any
Report Abuse
soumitra basu (Expert) 29 June 2011
The sale has not been completed in the eye of law. Therefore, no question of liable for capital gain tax.
V R SHROFF (Expert) 07 November 2012
Only ask ur personal problem in expert side.

No academic Queries please.
ajay sethi (Expert) 07 November 2012
for judgements visit indian kanoon website .

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