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Tax calculation for Mutation of property
29-Jan-2023 (In Property Law)
The property was constructed on 2003 and was in mr.X name then purchased on 2010 by Mr.Y, please advice now in 2018 while mutation will Mr.X be legally liable to pay tax till 2010 (before sale registration) and rest by Mr.Y.
Note: property is still in the name of Mr.X
before the sale registration till 2010 Mr.X is liable to pay tax after transfer of the property when Mr.Y becomes the owner then the owner is liable to pay to tax
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Adv. Sharmin Zafar
Kolkata | 100+ Answers
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