Agriculte land sale by plotting
This query is : Resolved
Quick Summary
02 February 2022
Hello friends..
I have query releated to section 45(2) .. If I have agriculture land and I sell it by individual Residential plots after converting to n.a
.. how would LTCG and business profit would be calculate and can we save it by investing in bonds
I have query releated to section 45(2) .. If I have agriculture land and I sell it by individual Residential plots after converting to n.a
.. how would LTCG and business profit would be calculate and can we save it by investing in bonds
02 February 2022
COA will be your purchase cost.
COI will be NA charges & fees..
Yes, investment in sec. 54EC bonds can save LTCG.
COI will be NA charges & fees..
Yes, investment in sec. 54EC bonds can save LTCG.
02 February 2022
Sir property was acquired before 2001.. na done in 2021.. so total tax would be calculated 8n 2 steps.. LTCG n business profit???
02 February 2022
Only change to above .... COA would be circle rate of the land as on 01.04.2001.
If no construction made, the gains will be LTCG.
If no construction made, the gains will be LTCG.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Consultancy- Non DTAA
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- TDS Return Q1 FY 2026-27
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Condonation . E-Verification of last year return .
- Eway bill generation from place other than registeted
- GST rate and HSN code for sale of racing horses
- Rental income gst and it purpose
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
