Mirror Now
@mirrornow·2.2M subscribers·145K videos
Is capital gains exempted if registration gets delayed? - Property Hotline
Posted
January 19, 2017
Views
115
Likes
2
Engagement
1.74%
January 19, 2017
115
2
1.74%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
4:21Now PlayingExpert: Samir Kanabar, EY LLP
Question: I am buying a property and to get capital gains tax exemption I have to get the property registered within 3 years. Due to delay of 1-2 months excess of 3 years from the builder’s side, will I still be eligible for capital gains tax exemption?
Answer : Due to some issues that came up recently, the tax court took the opportunity of evaluating the law; the law now states that it’s alright even if you don’t get the property in 3 years but you have to invest money or capital gains in 3 years. So, there is absolutely no problem and you’re eligible for capital gains tax exemption. Further if you have signed an agreement and made legitimate payments to the owner it is an adequate proof to show that there is a signed agreement. In case of no agreement, a letter of allotment is good enough. I don’t think you have to wait till the completion of construction and simply can go and register the property on your name.
Be Un Confused
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
