Capital gain

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RAJA P M (Querist)

10 December 2016 Dear All,

Please reply... (I ask Some question here... But, No more replies)

How to rectify Capital Gain are 'Long Term or Short Term'...?

Thanks in Advance...
Please Reply...

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

11 December 2016 Is rectification is on return filed.

CA Suresh Jain

CA Suresh Jain (Expert)

11 December 2016 You are talking of rectification or Computation / classification ?

Advocate

Advocate (Expert)

12 December 2016 Assets held for more than 36 months are LONG TERM CAPITAL ASSETS...
Assets less than 36 months are SHORT TERM CAPITAL ASSETS.

RAJA P M

RAJA P M (Querist)

12 December 2016 Dear Experts.,

Thank you for your reply and especially thanks to Mr. Advocate..,
One more following question...
A Assessee having a Housing Loan. She filed her ITR continue from AY 2013-14 to AY 2016-17. And She get deductions his HL repayment amounts like Principal and Interest. Doubts are,
When the House shown ITR for ASSET and which amount is ASSET amount (Pricipal/Interest/Both)., and
How to shown its in Balance Sheet...?
Thank You

CA Suresh Jain

CA Suresh Jain (Expert)

12 December 2016 The interest should be added to cost of house

RAJA P M

RAJA P M (Querist)

12 December 2016 If the house will be add in the fixed assets side on Balance Sheet or Not...?
Bcoz,
Any purchased Machinery added fixed asset and its shown in Balance Sheet...
Please clarify this "I have full Doubt in this category)

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