Capital gains on property sell
This query is : Resolved
Garvit Dave
(Querist)
31 December 2012
I had purchased a plot of land in Yr 2002 and constructed independent house on that.Construction has been done in 2005.I am planning to sell this house and going to purchase a New flat.
Please advice me whether I have to consider land value and House construction value {buy and sell value}separately for capital gain tax purpose?
Thanks & Regards
Garvit Dave
Please advice me whether I have to consider land value and House construction value {buy and sell value}separately for capital gain tax purpose?
Thanks & Regards
Garvit Dave
31 December 2012
You have to consider the value from the day the construction is over. And there is no need to draw a line between the value of Land and buiding
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
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- GST Intimation due to Government took possession of Business Premises under PPE Act
- Non filing of I T Returns
- TDS on Fixed Assets purchased
- SALARY CAN BE CAPITALIZE
- TDS on purchase of under construction property from a reseller
- GST on Renting godown to KFCSC for Storage of Raagi
- 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
