banner_ad

Computation of capital gain on series /emi payments

This query is : Open 
Profile Image

Profile Image

(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
Profile Image

Gaurav Verma

Profile Image

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

VAPIWALA S G

Profile Image

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
Profile Image

VAPIWALA S G

Profile Image

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
Profile Image

VAPIWALA S G

Profile Image

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
Profile Image

VAPIWALA S G

Profile Image

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
Profile Image

VAPIWALA S G

Profile Image

VAPIWALA S G (Querist)
19 October 2014 Pls revert with the matter as compensation and how treat in the I Tax Act.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details