Capital gains tax
This query is : Open
Guest
Guest
(Querist)
05 July 2013
i have purchesed plot of land in the year 1999 and construction of bunglow Compleated in the year 2001. i sold this bunglow with land appurtenantit in the F.y.12-13 So my quary is for indexation purpose which year i shoul consider??? 1999 or 2001
05 July 2013
Cost incurred for house can be considered as
Cost of Plot + Cost of Construction.
.
For land indexation will be available from the date of its purchase.
.
For construction, you can claim indexation for the costs incurred as & when.
.
You may have a different view from experts-
.
Cost of Plot + Cost of Construction.
.
For land indexation will be available from the date of its purchase.
.
For construction, you can claim indexation for the costs incurred as & when.
.
You may have a different view from experts-
.
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 on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- Experts need help
- FTS Taxable under 115A
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Management System (IMS)
- EPF FULL & FINAL RULES IN 2026
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Condonation . E-Verification of last year return .
- 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
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
