Capital gain taxation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 July 2014
on person who sell the capital asset(land) in the year 2011 purchased on 1980 but he didnot invest that amount in any capital investment schemes to till date, please suggest me to whether his capital gain income comes under indexation or not? if comes under indexation please suggest me process of computation, or if not suggest that computation for taxation
04 July 2014
when it was purchased is not mentioned.
04 July 2014
you have tot take value o 1.4.1981 and index of selling year and buying year take
then you can calculate the profit.
LOng term capital gain = Sales value - Purchse price/value on 1.4.1981 X selling year index/Buy year index= LTCG
then you can calculate the profit.
LOng term capital gain = Sales value - Purchse price/value on 1.4.1981 X selling year index/Buy year index= LTCG
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
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- 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
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
