Capital gains
This query is : Resolved
13 April 2015
Sale of land and buildingLand and building is to be soldLand sdv=sp value( no question in that) More than 3 yrsBuiling sdv=85 lacBuilding sp=50 lacBuilding wdv as per block 30 lacProfit on sale of building how muchN whether stcg or ltcg(with indexation)
13 April 2015
Gain on transfer of depreciate asset is always STCG.
Purchase value/ gross book value - WDV = Business income
SDV - Gross book value = STCG
Purchase value/ gross book value - WDV = Business income
SDV - Gross book value = STCG
14 April 2015
after depreciation you sold assets then it come under short term capital gain.
and land come for long term capital gain and take indexation benefit.
and land come for long term capital gain and take indexation benefit.
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
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Gst registered proprietorship firm
- Price inclusive or exclusive of GST while made entry in P& L Account
- Minimum tax payable to file Updated return
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Salary from Qatar in Dollars in India
- TDS on purchase of under construction property from a reseller
- GST ISSUE OF INPUT AND OUTPUT GST
- Change Of Karta In Case of Death
- GST Intimation due to Government took possession of Business Premises under PPE Act
- Non filing of I T Returns
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- 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
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
