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
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
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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