Income tax
This query is : Resolved
09 February 2013
A PERSON IS GIVING HIS LAND FOR DEVELOPMENT TO BUILDER HOW IS THE CAPITAL GAIN IS GOING CALCULATED WHAT DCOUMENT WE HAVE TO TAKE AND WHAT IF THE LAND VALUE IS NOT AVAILABLE WHAT WILL BE EFFECT INCOME TAX PLEASE ADVICE
Amol S Joglekar
(Expert)
09 February 2013
The value as on 1981 can be taken as purchase price if the land is purchased before that date. Else get the valuation report for the land...as of the date of purchase of land.
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30 November 2013
yes agrred with above view.
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