computation of capital gain on sale of flats
This query is : Resolved
05 November 2008
Mr.X being the owner of land has entered into a Joint Development Agreement in oct.2007. His share in the developed property is 8 units. He has purchased the property in 2004 May. He wants to retain 2 units and sell the remaining 6 units.
What is the date to be taken for calculation of capital gains?
whether it is a short term or long term capital gain If Mr. X sells his property now(NOV.2008)?
Whether the date of the joint development agreement or date of registration of flats to be taken for the purpose of computation of capital gains?
What is the date to be taken for calculation of capital gains?
whether it is a short term or long term capital gain If Mr. X sells his property now(NOV.2008)?
Whether the date of the joint development agreement or date of registration of flats to be taken for the purpose of computation of capital gains?
06 November 2008
The problem is the composite situation of land and building you have to state the date of handing over of flats for your possession.
07 November 2008
Sir,
What would be the position if theowner of the land hands over the possession of the property(flats are registered)in the following circumstances:
1.sells 3 flats in nov.08 & 3 in june'09 and retains 2 flats for himself.
2.sells 6 flats in june09 & retains 2 flats for himself.
3. sells 6 flats in nov.08 and retains 2 flats for himself.
What would be the position if theowner of the land hands over the possession of the property(flats are registered)in the following circumstances:
1.sells 3 flats in nov.08 & 3 in june'09 and retains 2 flats for himself.
2.sells 6 flats in june09 & retains 2 flats for himself.
3. sells 6 flats in nov.08 and retains 2 flats for himself.
07 November 2008
Sir,
What is the date of acquisition and improvement to be taken, is it from the date of purchase of land or from the date on which Joint Development agreement was signed with the developer?
What is the date of acquisition and improvement to be taken, is it from the date of purchase of land or from the date on which Joint Development agreement was signed with the developer?
07 November 2008
Sir,
What is the date of acquisition and improvement to be taken, is it from the date of purchase of land or from the date on which Joint Development agreement was signed with the developer?
What is the date of acquisition and improvement to be taken, is it from the date of purchase of land or from the date on which Joint Development agreement was signed with the developer?
08 November 2008
To the extent it relates to the cost of building, all will be treated as short term if they are sold wihin 36 months of possession. As regards the the undivided share in land, it will be long term.
11 November 2008
how is the undivided share of land to be calculated for the owner to be calculated?
How is the land to be treated on the date of J.D.A. Should it be treated as sale on the date of signing the j.d.a. with the builder?
How is the land to be treated on the date of J.D.A. Should it be treated as sale on the date of signing the j.d.a. with the builder?
11 November 2008
how is the undivided share of land to be calculated for the owner to be calculated?
How is the land to be treated on the date of J.D.A. Should it be treated as sale on the date of signing the j.d.a. with the builder?
How is the land to be treated on the date of J.D.A. Should it be treated as sale on the date of signing the j.d.a. with the builder?
13 November 2008
THe share of undivided land is known. The common original cost is known. Calculate the cost in proportion. The sale registration value is also known.
13 November 2008
how is the undivided share of land to be calculated for the owner to be calculated?
How is the land to be treated on the date of J.D.A. Should it be treated as sale on the date of signing the j.d.a. with the builder?
How is the land to be treated on the date of J.D.A. Should it be treated as sale on the date of signing the j.d.a. with the builder?
13 November 2008
the share of undivided land to the owner of land is 40%.
27 June 2023
"Sorry, I am not a featured member."
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
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
- Management System (IMS)
- Rental income gst and it purpose
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Experts need help
- Gift Received from nonblood relative
- EPF FULL & FINAL RULES IN 2026
- Is any professional CA is here please reply
- Putting a heading on received mail
- 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
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
