Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 May 2014
Plot was purchased 3 year old value Rs. 1,00,000/-
Construction of Bunglow on that plot Cost Rs. 4,00,000/-
Construction completed before 10 month
and now i am selling it at Rs. 10,00,000/-
How the capital Gain will be calculated and which provisions will be applicable to such transactions?
Construction of Bunglow on that plot Cost Rs. 4,00,000/-
Construction completed before 10 month
and now i am selling it at Rs. 10,00,000/-
How the capital Gain will be calculated and which provisions will be applicable to such transactions?
31 May 2014
what did you sell? land along with building or land and building separately? Land, if sold separately may be a long term capital gain and building short term... (You need to draft the agreement very carefully.....)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Rent lease agreement
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- If there is Long term capital gain exists how much total income to be considered
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
