Capita gain
This query is : Resolved
Bhola Muraw
(Querist)
19 August 2014
Dear All
One of my client buy a land in 1991 and he constructed a building on that land in 1992. Now in 2014 he sold the property. My question is form which year indexation will be applicable for calculating capital gain or can we apply separate indexation for land & Building?
One of my client buy a land in 1991 and he constructed a building on that land in 1992. Now in 2014 he sold the property. My question is form which year indexation will be applicable for calculating capital gain or can we apply separate indexation for land & Building?
CA UMESH DULAL
(Expert)
19 August 2014
use separate indexation for land and building.
CA UMESH DULAL
(Expert)
19 August 2014
use separate indexation for land and building.
Bhola Muraw
(Querist)
19 August 2014
That means for Land indexation year will be 1991 and for building indexation year will be 1992.
CA UMESH DULAL
(Expert)
19 August 2014
yes
CA UMESH DULAL
(Expert)
19 August 2014
yes
Rupesh Jain
(Expert)
19 August 2014
yes you can take diff-2 indexation on land and building.
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