Capital gains

This query is : Resolved

Chanpreet Singh (Querist)
Follow

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)

CA ALOK KUMAR

CA ALOK KUMAR (Expert)
Follow

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

Rupesh Jain

Rupesh Jain (Expert)
Follow

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.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Rampal Saini

Narendra

Vivekanand Sagar

SANJAY GOSALIA

Amit Goyal

Subscribe Now

Capital gains

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

CA Final

Article Assistant

Manager- Finance and Compliance

GST CONSULTANT

Accountant