Computation of income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 September 2013
Dear sir,
A individual has received compensation for acquisition of immovable property(building,))by LAND ACQUISITION OFFICER,NH-6,CELL and income tax has been deducted for tax U/S 194A for financial year 2012-13.How can I compute the income and capital gain and calculate tax and refund if the property is purchased before 1981
A individual has received compensation for acquisition of immovable property(building,))by LAND ACQUISITION OFFICER,NH-6,CELL and income tax has been deducted for tax U/S 194A for financial year 2012-13.How can I compute the income and capital gain and calculate tax and refund if the property is purchased before 1981
02 September 2013
Compensation rec 3,20,066
(-)Indexed Costof acqisiton (if longterm)xx
net capital gain XXX
tax on above @20% xx
(-) basic slab rate eg2,00,000 for non senior males
(-)tds deducted u/s194A
Bal if any the payable.
(-)Indexed Costof acqisiton (if longterm)xx
net capital gain XXX
tax on above @20% xx
(-) basic slab rate eg2,00,000 for non senior males
(-)tds deducted u/s194A
Bal if any the payable.
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
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
