Capital gain applicable demolished Shop f.y.23-24
This query is : Resolved
Kollipara Sundaraiah
(Querist)
12 August 2024
Sir,
Assessess owns a jewellery business shop maintained shop purchase value rs 25 lacs year 2015 .but government assessess shop occupied after demolished for the purpose of road extension purpose f.y.23-24
Question:
Assessess capital gain tax applicable and how to calculate procedure
Assessess owns a jewellery business shop maintained shop purchase value rs 25 lacs year 2015 .but government assessess shop occupied after demolished for the purpose of road extension purpose f.y.23-24
Question:
Assessess capital gain tax applicable and how to calculate procedure
Dhirajlal Rambhia
(Expert)
13 August 2024
If it is acquired under RFCTLAAR act, no capital gain tax applicable.
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