Income tax
This query is : Resolved
27 April 2016
I HAVE ENTERED INTO AGREEMENT ON 30/06/2011 FOR SALE OF OFFICE FOR RS 14,00,000/- ON STAMP PAPER OF RS 100/- WHICH IS NOT REGISTERED WITH REGISTRAR NOW THE PURCHASER IS REGISTERING THE SAID DOCUMENT WITH REGISTRAR FOR MARKET VALUE OF RS 19,00,000/- WHETHER I HAVE TO PAY LT GAIN ON 14LAC OR 19LAC AS PER SECTION 50C PL CLARIFY
27 April 2016
obviously Capital Gain has to be calculated on Rs.19 Lakh.(Sale Consideration)
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