10 January 2014
THE SHOP WAS PURCHASED IN 2010 FOR RS 23 LACS, SUPPOSE THE DEPRI FOR 3 YRS IS 3 LACS, NOW, IN 2013 THE SAME IS SOLD FOR 30 LACS, WHAT WIL LBE THE CAPITAL GAIN?(WDV IN 2013 IS 20 LACS)
11 January 2014
Dear sir , It is a slump sale..... so slump sale provision will be applicable ....section 50b will be applicable .... It will be short capital gain .... of Rs (30-20)=10 lacs ..... which is short capital gain The tax rate is normal rate ...hope will solve the query ....
CAclubindia
