banner_ad

how to compute capital gain...

This query is : Resolved 
Profile Image

Profile Image

(Querist)
12 December 2009 Dear sir,
plz suggest me how do I deal in the following situation...

one of my new office client had taken house loan 2 years back and had booked a flat under construction for 63lakhs.He in the last two years claimed deduction under 24(b) for the interest paid on the house loan.Now the flat has been in completion stage but not completed and is not been registered yet.And last month he had sold the flat for Rs 78 lakh....
Profile Image

CA Balram Sharma

Profile Image

CA Balram Sharma (Expert)
12 December 2009 this should be taxable under the head capital gain.

it will be treated as amount relinqueshment of right,

and period is less than 3 year,
there should be STCG of rs 15 lacs
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


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
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details