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Capital Gain/Loss

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(Querist)
22 February 2010 A land purchased in year 2003-04.
The construction on the land had been started in 2005-06 and completed in 2007-08.
The same has been sold in year 2009-10. The sale consideration includes value for land and building. No bifurcation is available.
How to calculate Capital gain/loss.
How to find whether the gain/loss will be short term or long term.
How indexation can be done.
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
22 February 2010 if no bifurcation possible then date of completion of building is date of purchase then short term capital gain arise because of below 3 year no indexation allowed. so as per your details try to bifurcate your sale proceed.
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