Capital gain
This query is : Resolved
25 August 2014
Is the premium amount paid to Govt. for converting old scheme urban agriculture land to new scheme, considered as improvement cost for calculating capital gain tax?
If assesses have received less consideration then the market value then what amount should be considered as consideration for calculating tax?
If assesses have received less consideration then the market value then what amount should be considered as consideration for calculating tax?
gbalakrishnan
(Expert)
25 August 2014
true improvement costs are deductible as capital gains is a regressive measure to ensure not to cause inflation is the economic principle in economics of taxation
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