Capital gain on sale of land 2024
This query is : Resolved
07 August 2024
SIR
MR.A SALE OF LAND AS ON 24/02/2024 RS. 720000/- HE PURCHAES THIS LAND AS ON 15.03.1984 FOR RS. 1500/- ONLY .AFTER HE SPENT EXPENSES FOR DEVLOPMENT AND IMPROVMENT COST RS 5,25,000 FOR VAIES YEAR 1990, 1996, 2001, 2005 2018 .HE CLAIM OF THE AMOUNT ON CAPITAL GAIN WORKING ?
MR.A SALE OF LAND AS ON 24/02/2024 RS. 720000/- HE PURCHAES THIS LAND AS ON 15.03.1984 FOR RS. 1500/- ONLY .AFTER HE SPENT EXPENSES FOR DEVLOPMENT AND IMPROVMENT COST RS 5,25,000 FOR VAIES YEAR 1990, 1996, 2001, 2005 2018 .HE CLAIM OF THE AMOUNT ON CAPITAL GAIN WORKING ?
11 August 2024
Yes, as per FMV as of 01.04.2001.
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