Please Help: income tax
Posted Date : 01-May-2014 , 01:06:56 am | Posted By MOHIT MENDAWAT
sir,
if i transfer an asset on lease and after the lease period the asset will become ownership of lessee, then at what point of time i will be liable to pay capital gain tax, if any
if i transfer an asset on lease and after the lease period the asset will become ownership of lessee, then at what point of time i will be liable to pay capital gain tax, if any
Category : Income Tax | Answers : 0 | Comments : 1 | Hits : 158
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sanjeev kumar goel
04-May-2014 , 09:40:01 amDear Friend, Your liability to pay capital gain tax will start from the date you transfer your asset to lessee. Until you are the owner of the asset you have no liability of capital gain tax.