capital gains pls very urgent
This query is : Resolved
10 September 2010
a private company has a short term capital gain on sale of plot. at what rate rate is it chargeable to tax ??? And where should this be shown in ITR 6 as there is no such place to specify this ???? Pls help fast
Thanks
Thanks
Aditya Maheshwari
(Expert)
10 September 2010
taxable at 30% + surcharge 10% (if applicable) + ec 3%
show it in schedule cg.
show it in schedule cg.
Aditya Maheshwari
(Expert)
10 September 2010
Schedule CG - Capital Gains
A) Short-term capital gain
3) From other assets
a) Full value of consideration (3a) 0
b) Deductions under section 48
i) Cost of acquisition (bi) 0
ii) Cost of Improvement (bii) 0
iii) Expenditure on transfer (biii) 0
iv) Total (bi + bii + biii) (biv) 0
c) Balance (3a – biv) (3c) 0
d) Loss, if any, to be ignored under section 94(7) or 94(8) enter positive values only (3d) 0
e) Exemption under sections 54B/54D/54EC/54G/ 54GA (3e) 0
f) Short-term capital gain (3c + 3d – 3e) (3f) 0
A) Short-term capital gain
3) From other assets
a) Full value of consideration (3a) 0
b) Deductions under section 48
i) Cost of acquisition (bi) 0
ii) Cost of Improvement (bii) 0
iii) Expenditure on transfer (biii) 0
iv) Total (bi + bii + biii) (biv) 0
c) Balance (3a – biv) (3c) 0
d) Loss, if any, to be ignored under section 94(7) or 94(8) enter positive values only (3d) 0
e) Exemption under sections 54B/54D/54EC/54G/ 54GA (3e) 0
f) Short-term capital gain (3c + 3d – 3e) (3f) 0
Aditya Maheshwari
(Expert)
10 September 2010
schedule CG A)3)a) & b)
Aditya Maheshwari
(Expert)
10 September 2010
You can also thank by using thank user icon.
Message likes :
1 times
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- 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
