banner_ad

Capital gain

This query is : Resolved 
Profile Image

Profile Image

(Querist)
04 September 2012 land purchased on 20.05.2008 but entered in books on 31.03.2009 cost of purchase 4356186.
land sold in two parts . 1st on 18.07.2012 price 2529054 & 2nd on 22.08.2012 price 2517125. calculate capital gain or loss
Profile Image

CA Ayush Agarwal

Profile Image

CA Ayush Agarwal (Expert)
04 September 2012 if Payment Made on 20/5/2008 ..
then Entry in Books Doesnt Matter.

All is LTCG.
Take Indexation Benefit.
All Assessment to be Done in A.Y. 13-14 Only
Profile Image

charteredaccountantgarimasethi

Profile Image

charteredaccountantgarimasethi (Querist)
04 September 2012 but company has to pay advance tax then how much to pay
Profile Image

CA Ayush Agarwal

Profile Image

CA Ayush Agarwal (Expert)
04 September 2012 Company Have Only That Income, Not Other Than ?
Pay 45%/36% of Total Estimate Tax Liability.
Profile Image

U S Sharma

Profile Image

U S Sharma (Expert)
04 September 2012 785/632*4356186=5410769 INDEXED COST

2529054+2517125=5046179 SALE PROCEEDS
ltcl = 364590
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details