Capital Gain on sale of house
This query is : Resolved
03 June 2016
If a individual sale a house in which plot is hold for more than 3years and building part for 1 year only . Then capital gain is to be calculated on plot and building separately or the whole house sale will be treated as short term.
Message likes :
1 times
06 June 2016
It has to be computed separately for land and building.
Abhimanyu Jhamba
9218999999
Abhimanyu Jhamba
9218999999
08 June 2016
thank u sir
but the registry is made for house.It does not contain sale consideration for plot and land separately
09 June 2016
Does not make a difference. I understand that the land has been held by you for more than three years. For the land, the purchase price would be cost of acquisition (indexed to the year of purchase). and construction cost would be the cost of the house. It does not make a difference if the registry is of the house only.
Regards,
Abhimanyu
Regards,
Abhimanyu
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
- Fixe term employment
- Is any professional CA is here please reply
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Experts need help
- Section 50-fixed asset-->building ceases to exist
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Putting a heading on received mail
- Gift Received from nonblood relative
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Reprocessing of rectification order AY 2025-26
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
