Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 November 2011
If any person received Agricultural Land as inherritance and subsequently it given to Pvt ltd for consideration other than cash (i.e share).
How to value this for capital gain perpose?
How to value this for capital gain perpose?
07 November 2011
Please specify the location of Agriculture Land - whether in Rural area or in Urban Area.
The market value of shares will be the Sales Consideration for the purpose of Tax Calculation.
.
In case of Rural Land -No capital Gain will arise.
.
In case of Urban land indexation will be done on the basis , when the assessee first became the owner of the asset.
.
Please wait for the views of other experts also.
The market value of shares will be the Sales Consideration for the purpose of Tax Calculation.
.
In case of Rural Land -No capital Gain will arise.
.
In case of Urban land indexation will be done on the basis , when the assessee first became the owner of the asset.
.
Please wait for the views of other experts also.
08 November 2011
iNDEXATION WILL BE DONE FROM THE YEAR WHEN PREVIOUS OWNER FIRST ACQ THE ASSET. SEE THE DECISION IN KAMAL MISHRA, MINA DEOGUN, LATA G ROHRA AND OTHERS IN THIS REGARD.
I AGREE WITH BALANCE PART OF REPLY BY SH PARASJI
CA MANOJ GUPTA
JODHPUR
09828510543
I AGREE WITH BALANCE PART OF REPLY BY SH PARASJI
CA MANOJ GUPTA
JODHPUR
09828510543
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
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- Relief u/s Section 89
- TDS Challan Code
- Supply through E-commerce Operators
- STCG on ETF gold & silver
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
