Capital Gain on Sale of Land

SURENDRA KUMAR (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

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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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