calculation on Capital Gain
This query is : Resolved
Querist : Anonymous
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.
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.
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.
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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