14 December 2013
my client has a individual house situated in Hyderabad but the builder taken the land and constructed 10 flats and given 3 flats on FOC basis to the house owner
my client out of these three flats sold two flats and retained one flat for his residential purpose.
my question is how to calculate capital gains in this case??
14 December 2013
1. Builder taken the land or house ? kindly make it clear. . 2. Also mention the cost of the house . . 3. The 3 flats received by the client can be treated as sales consideration. . 4. For knowing clearly mention the dates, amounts and facts of the transactions. .
CAclubindia
