Capital gain on exchange of immovable property
This query is : Resolved
21 January 2014
Mr. A has an old godown.Now a builder is demolishing the old building and giving a new godown to Mr. A in the same place.Whether there will be capital gains?If yes, then how to determine the value of consideration (new godown).It is market value of the godown or the construction cost of the godown.Please reply.
22 January 2014
the construction cost of the godown shall be the consideration...,
Message likes :
1 times
22 January 2014
Thanks for the reply.Can I get any circular / case law etc.supporting your view?
22 January 2014
please refer Dy.DIT V. G.Raghuram 39 SOT 406(Hyd.)(2010)]
Message likes :
1 times
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
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
