Capital gains and contracts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 January 2016
I have 2 Doubts
1) Mr.X is an Individual owns land given to M/s. `Y` a real estate firm for developing and marketing by a agreement of 50% on every sale. Now, my doubt is on complete of sale registrations how to compute capital gain of Mr.X? can he claim deduction for amount paid to real estate firm in CG?
2)Mr.A is an individual farmer given GPA to M/s.`B` a real estate firm for developing and marketing. GPA document does not contains about sharing but mutual understanding of A and B sharing 50%. Now, my doubt is on complete of sale registrations how to compute capital gain of Mr.A? can he claim deduction for amount paid to real estate firm in CG?
1) Mr.X is an Individual owns land given to M/s. `Y` a real estate firm for developing and marketing by a agreement of 50% on every sale. Now, my doubt is on complete of sale registrations how to compute capital gain of Mr.X? can he claim deduction for amount paid to real estate firm in CG?
2)Mr.A is an individual farmer given GPA to M/s.`B` a real estate firm for developing and marketing. GPA document does not contains about sharing but mutual understanding of A and B sharing 50%. Now, my doubt is on complete of sale registrations how to compute capital gain of Mr.A? can he claim deduction for amount paid to real estate firm in CG?
06 January 2016
1 Yes X can claim deduction for amount paid to real estate firm in CG.
2 Yes A can claim deduction for amount paid to real estate firm in CG.
2 Yes A can claim deduction for amount paid to real estate firm in CG.
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