Capital gains in respect of house property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 October 2013
An assessee purchases a plot and starts constructing a house property (ground Floor), later due to shortage of funds the assessee sells 48% share of land(frist Floor) to an outsider(assessee being the owner of 52% of the land).
when the assessee sells the ground floor what will be the cost of acquisition for computing LTCG??
when the assessee sells the ground floor what will be the cost of acquisition for computing LTCG??
31 October 2013
Cost of acquisition is :-
i) cost of 52% of land and
ii) cost of construction of ground floor.
i) cost of 52% of land and
ii) cost of construction of ground floor.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
31 October 2013
thank you ....
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