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
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- TDS on TRUST
- Consolidated financials
- Putting a heading on received mail
- Withdrawal in cash from partners capital account by partner
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
