Capital gain
This query is : Resolved
Mahalakshmi
(Querist)
20 March 2014
a building is sold in the current year. land of tat building is purchased 10 years back and building constructed 2 years ago.
is cg has to b computed separately for land and building if stamp duty value which is considered as sale consideration is separately available for land & building.
Nikhil Kaushik
(Expert)
20 March 2014
yes you can do so...the land will be taxed as long term asset and building as short term
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