Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 January 2013
Purchased a Firm House at Rs. 7.80 Lacs in 2002. Sold out the same in 2012 for Rs. 1.80 Crores. The assessee has also exchanged another bungalow at the cost of 1 Crore in 2012. One Builder has agreed to issue bill of Rs. 80 Lacs for two bungalows build on that firm house. The assessee has already owned more than two residential flat and land in his name.
Please suggest me regarding the Cost of Purchase and the taxability of the same.
Please suggest me regarding the Cost of Purchase and the taxability of the same.
CA PARAS BAFNA
(Expert)
07 January 2013
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