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.
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
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Cash balance limit and property purchases limit
- Can we choose not to report losses in ITR3 if they cannot be carried forward?
- Journal entry of busniess expenses
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- TDS AND ITR ISSUE
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
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
