Capital Gain

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Harshita (Querist)
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01 June 2017 House is sold, how to bifurcate sales consideration so that capital gain between land and building. land is long term capital asset, while building is short term

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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01 June 2017 LTCG and STCG has to be separately worked out. In the absence of bifurcation in the deeds, seek valuation from approved valuers .

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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01 June 2017 Seek value of land from Registration deed & value of building is taken from bill from contractor or payment made for making such building. In absensce of all take valuation report from approved valuer.

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