Capital gains calculation co owner property plot sold?
This query is : Resolved
HARISH THOSAR
(Querist)
09 June 2023
Sir,
Purchase land , dt 27.2.18
co owner property A.& B
Pur.Total Amt 580000/-
A.290000/- B 290000/-
Sale Total amt.295000/- dt.30.11.22 One person sold.
Received amt A a/c. 147500/-
B. a/c.147500/-
Itr 3 filing A Plot pur.A. 290000.
Sale total amt.295000 one person 100% But ITR filing which sold amt consider? Pur.property owner A 50% B 50%? Sale amt.A.147500& B.147500 LTCG Calculate? & ITR . full consideration value? Cost of acquisition without indexation calculation? Index
Total stamp value purchase. 580000/-
A.calculation.290000/272*331=352904 B.calculation.290000/272*331=352904 LTC Loss A -205404 & B -205404 ITR. Correct calculation ? Please. Sir .
Purchase land , dt 27.2.18
co owner property A.& B
Pur.Total Amt 580000/-
A.290000/- B 290000/-
Sale Total amt.295000/- dt.30.11.22 One person sold.
Received amt A a/c. 147500/-
B. a/c.147500/-
Itr 3 filing A Plot pur.A. 290000.
Sale total amt.295000 one person 100% But ITR filing which sold amt consider? Pur.property owner A 50% B 50%? Sale amt.A.147500& B.147500 LTCG Calculate? & ITR . full consideration value? Cost of acquisition without indexation calculation? Index
Total stamp value purchase. 580000/-
A.calculation.290000/272*331=352904 B.calculation.290000/272*331=352904 LTC Loss A -205404 & B -205404 ITR. Correct calculation ? Please. Sir .
CA R SEETHARAMAN
(Expert)
10 June 2023
Yes, it's correct calculation.
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