Computation of capital gain

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 May 2012 Purchase of Land in the year Feb 2000 - Rs.1.00 Lakhs
Constrction of building at the land May 2011 for Rs.22 Lakhs
Sale of Land & Building together in May 2012 for 25 Lakhs

So Sale of Land attract - LTCG
and Sale of Building attract - STGC

but how can i split the sale consideration between land and building
ie) How to calculate sale consideration for land and sale condieration for building

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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29 May 2012 Use the market value of land as sale consideration in respect of land and the balance amount as sale consideration in respect of building.

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