Capital gain

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 May 2012 If a building having wdv of Rs 27 lacs is sold for RS. 20 LAC & its circle rate is RS 30 Lac. Wheather or not Capital Gain tax is applicable .

CA Anshu Agarwal

CA Anshu Agarwal (Expert)
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27 May 2012 there shall be short term capital gain amounting Rs. 3 lacs.

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