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Computation of capital gain on series /emi payments

This query is : Open 
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(Querist)
16 October 2014 The Assessee has paid to book a flat as under:

1. A Y: 2009-10-Rs.6,00,300/- (w.e.f. 11/02/2010)
2. A Y : 2010-2011 – Rs. 9,44,920/-
3. A Y : 2011-12 - Rs.13,77,466/- and
4. A Y: 2012-13 – Rs. 2,80,140/-(last: 13/08/2014) –
Total Rs.32,02,826/- paid up.

On cancellation due to delivery failure in 36 Months on 01.07.2014 the Builder paid Rs.43,23,398/-. Will you advise how to compute Capital Gain?

Thanks

VAPIWALA S G
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Gaurav Verma

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Gaurav Verma (Expert)
17 October 2014 can u explain abt the excess amt that is approx 10 lacs, nature........ Interest or compensation?
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VAPIWALA S G

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VAPIWALA S G (Querist)
19 October 2014 The amount is compensation. So do we treat it as Capital Gain? Or as revenue income?

Pls revert back.

Thanks
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VAPIWALA S G

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VAPIWALA S G (Querist)
19 October 2014 The amount is compensation. So do we treat it as Capital Gain? Or as revenue income?

Pls revert back.

Thanks
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VAPIWALA S G

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VAPIWALA S G (Querist)
19 October 2014 The amount is compensation. So do we treat it as Capital Gain? Or as revenue income?

Pls revert back.

Thanks
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VAPIWALA S G

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VAPIWALA S G (Querist)
19 October 2014 The amount is compensation. So do we treat it as Capital Gain? Or as revenue income?

Pls revert back.

Thanks
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VAPIWALA S G

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VAPIWALA S G (Querist)
19 October 2014 Pls revert with the matter as compensation and how treat in the I Tax Act.
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