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calculation on Capital Gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 November 2010 What is the Capital gain in case of builder collaboration agreement with landlord in the following situations:-

If Builder construct the G. Floor & 3 other floors. All Construction Exp of all floors bear by builder and builder received the ground floor in consideration of construction and Rs. 8 lac paid by builder to landlord other than constructions. Ground floor sale deed made on the basis of circle rate i.e. stamp duty paid on Rs. 14, 25,000/- circle rate of G. Floor.

Total cost of acquisition of building of landlord was Rs. 3, 02,500/- up to 1980.
What is the Capital Gain for G. floor and what is the value of other floors for landlord.
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shrikant

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shrikant (Expert)
14 November 2010 Dear Friend

It's all up to you, you can take some basis to allocate the cost, it may be square feet or any thing else.
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