29 May 2012
Purchase of Land in the year Feb 2000 - Rs.1.00 Lakhs Constrction of building at the land May 2011 for Rs.22 Lakhs Sale of Land & Building together in May 2012 for 25 Lakhs
So Sale of Land attract - LTCG and Sale of Building attract - STGC
but how can i split the sale consideration between land and building ie) How to calculate sale consideration for land and sale condieration for building
CAclubindia
