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Capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 October 2012 Hi,
There is a situation where in Land & Building are sold together by a company.Land is in possession since 6 Years and building since 1 Year.
Now company has not bifurcated profit to land & building separately.
How to Bifurcate profit as long term and short term?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
13 October 2012 The sale consideration shall be apportioned between the land and the building in proportion of their cost of acquisition.
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