Capital gain
This query is : Resolved
16 December 2011
Hello Sir,
I had purchased a open plot in 1998-99 for Rs.80,000/- which I did not shown in balance sheet. Now i want to sell this plot and i want to show capital gain in my I.T.Return. Is there any problem pl. guide me.
Thanks
I had purchased a open plot in 1998-99 for Rs.80,000/- which I did not shown in balance sheet. Now i want to sell this plot and i want to show capital gain in my I.T.Return. Is there any problem pl. guide me.
Thanks
17 December 2011
Dear Devendra,
u can show the sale of plot and recognize capital gains in this year's income tax return.
Indexation benefit shall be available as it is a long term capital asset.
u can show the sale of plot and recognize capital gains in this year's income tax return.
Indexation benefit shall be available as it is a long term capital asset.
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
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- NRI starting business in India
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- Non-Compliance documents have not been submitted by the contractors debited
- EXPORT COMMERCIAL INVOICE HSN CODE
- Invertaded duty struture
- TDS ON EMAIL DOMAIN SERVICE BILL
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Taxable or Tax exempt
- 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
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
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
