29 February 2016
if I had purchased a land on 01-04-2001 and constructed a building on such land on 1-04-2014 and sold such property on 01-11-2014 . How to determine whether it is short term or long term.( if i'm not in a position to bifurgate their costs)
01 March 2016
What is important is the capital asset that you sell off. Please tell us about the description that is made in your sale agreement/deed (as the case may be) that you entered into on 01/11/2014. (The building construction MAY NOT be regarded as IMPROVEMENT)
CAclubindia
