Capital gains
This query is : Resolved
25 March 2013
Respected Experts
can an assessee take the benefit of without indexation cost in case of sale of a land property - ie can he taking the advantage of 10% capital gain tax benefit
or they are to take the advantage of index benefit & to pay 20% tax
Thanks
Debashis Mandal
can an assessee take the benefit of without indexation cost in case of sale of a land property - ie can he taking the advantage of 10% capital gain tax benefit
or they are to take the advantage of index benefit & to pay 20% tax
Thanks
Debashis Mandal
25 March 2013
Cost of landed property has to be necessarily indexed for the purpose of capital gains computation.
With out indexation and 10% tax rate etc is only for listed securities /unit/ zero coupon bonds. Please see proviso to section 112.
With out indexation and 10% tax rate etc is only for listed securities /unit/ zero coupon bonds. Please see proviso to section 112.
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
- Is any professional CA is here please reply
- TDS on Consultancy- Non DTAA
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- Rental income gst and it purpose
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Management System (IMS)
- EPF FULL & FINAL RULES IN 2026
- Experts need help
- Foreign lottery ticket bought online from India: legality, tax and consequences
- 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
