Is a confirming party in a sale deed liable for capital gain tax if they have not received any consideration?
1 year ago
is a confirming party in a sale deed liable for capital gain tax if they have not received any consideration?
A.Hello Sir,
The confirming party will be liable for capital gain tax only if they are considered as party to it.
The confirming party will be liable for capital gain tax only if they are considered as party to it.
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A.Dear Client
The capital gain is to be applicable on the amount received by the seller/owner of the property and not the confirming party unless the property belonged to the confirming party also.
The capital gain is to be applicable on the amount received by the seller/owner of the property and not the confirming party unless the property belonged to the confirming party also.
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