Capital gains
This query is : Resolved
11 February 2014
Dear Sir\Madam
I am the owner of land
and the developers approached me and told that they are going to construct an apartment and they asked me to give the land and they will give me 2 flats in that apartment
in this case the ownership of the land was transferred from me to the developers
for computation of capital gains , what is the process and how much sale consideration i have to take??
I am the owner of land
and the developers approached me and told that they are going to construct an apartment and they asked me to give the land and they will give me 2 flats in that apartment
in this case the ownership of the land was transferred from me to the developers
for computation of capital gains , what is the process and how much sale consideration i have to take??
12 February 2014
the sales consideration for capital gain purpose shall be the stamp value of land or the value of 2 flats, whichever is higher...
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