Dear Friends,
May I request all not to make a request for reply from any specific member of the group while putting the same to the group, as it will discourage other members to reply to such mails and put unnecessary burden to the members name mentioned.
If he/she needs so he/she send the query to the members mail rather than to the group.
CA J P AGARWAL
----- Original Message -----From: CA. Abhishek JainTo: Sanjeev Bedi ; icaiSent: Wednesday, January 09, 2008 7:55 PMSubject: {Brainstormers -CA} Capital Gain Tax queryDear Sir,you are one of the highly respected and sought after member of this group.And the way you answer the queries is superb.I have one query on Capital Gain Tax.Mr. A applied for a Flat in a co-operative housing society in 2000 the allotment letter of which recd in May, 2002 stating the expected completion date July 2004.Mr A made payment of Rs. 10 Lacs till March 2004 in various instalment.In May, 2004 Mr. A recd a share certificate in May 2004 stating the allotment of a share in society.Finally, he recd the possesion of Flat in July 2005.He sold this flat in April 2007.My query is whether capital gain arising out is long term or short term.Thanking youWith warm regards
Regards
CA. Abhishek Jain
Abhishek has forget to write the name of person, from my own i think he is refering to Gem of the Group CA Sanjeev Bedi.Abhishek please correct if someone other was there in your mind.
CA Amresh Vashisht
CHARTERED ACCOUNTANT INDIA AMRESH VASHISHT, DISCLAIMER
"The answer(s)/advice(s) on this Group web-site are the personal opinions of the members who sent those messages. They may/or may not be based on research(s)/opinion(s) on the fact(s) provided to the Group in the said query, and any advice tendered here is subject to the accuracy of the description of facts, proposed transactions, and their purpose and
whether they constitute a complete and accurate disclosure of all
relevant fact(s), and provided the proposed transaction(s) is completed
in the stated manner. The Group Owner/Moderator and/or the group
member(s) do not even imply the accuracy or value of any advice
submitted by its member(s) and are not liable for any damages or costs,
if any, suffered through the acceptance or putting into operation either
the whole or part of any advice so tendered on the group-site. If you
have any question(s), please do not hesitate to seek clarification(s)
Here"
"The answer(s)/advice(s) on this Group web-site are the personal opinions of the members who sent those messages. They may/or may not be based on research(s)/opinion(s) on the fact(s) provided to the Group in the said query, and any advice tendered here is subject to the accuracy of the description of facts, proposed transactions, and their purpose and
whether they constitute a complete and accurate disclosure of all
relevant fact(s), and provided the proposed transaction(s) is completed
in the stated manner. The Group Owner/Moderator and/or the group
member(s) do not even imply the accuracy or value of any advice
submitted by its member(s) and are not liable for any damages or costs,
if any, suffered through the acceptance or putting into operation either
the whole or part of any advice so tendered on the group-site. If you
have any question(s), please do not hesitate to seek clarification(s)
Here"
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