Capital gain on land and building
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 October 2013
how to break up the amount between land and building when the property is the independent unit.
in conveyance deed there is a lump sum payment for the purchasing of land and building?
how to find the capital gain?
is it in case break up possible? how to do?
in conveyance deed there is a lump sum payment for the purchasing of land and building?
how to find the capital gain?
is it in case break up possible? how to do?
13 October 2013
You have following options:
1. Apportion the sale proceeds in the ratio of cost of acquisition.
2. Obtain fair market value of land & building separately and apportion in that ratio.
3. Obtain a valuation from a valuation officer.
1. Apportion the sale proceeds in the ratio of cost of acquisition.
2. Obtain fair market value of land & building separately and apportion in that ratio.
3. Obtain a valuation from a valuation officer.
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
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- Free lancer income
- GST ON DAMAGED GOODS
- Specified Profession
- LTCG for Assmt year 26-27
- Tax liability on income of freelancer
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- 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
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
