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Capital gain

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(Querist)
29 July 2019 under joint venture land owner sale his share flats immediately at the time of receiving construction completion certificate from competent authorities. what effect to the land owner under capital gain and which values will be taken for calculation of capital gain. cost of acquisition, improvement and transfer..........pls explain sir
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
30 July 2019 To arrive at capital gains deduct indexed cost of land from the value considered for stamp duty on sale of flats.
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V. Muralidhar Rao

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V. Muralidhar Rao (Querist)
30 July 2019 thank you sir for your valuable suggestion
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