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Q. > Please Help: income tax
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165 views • Question added May 01, 2014 • Income Tax • By MOHIT MENDAWAT , Sawai Madhopur


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

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sanjeev kumar goel

04-May-2014 , 09:40:01 am

Dear 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.

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