Income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 November 2015
IF ASSESSE PURCHASED LAND IN 93-94 AND STARTS THE CONSTUTUION ON THIS BUT HOUSE COMPLETED AFTER 2 YEARS IN 96-97 SO,WE CALCULATE THE CAPITAL GAIN FOR LAND AND BULDING SEPRATLY AND WHICH PRVIOUS YEAR WILL TAKE FOR CALCULATION OF CAPITAL GAINS
13 November 2015
LTCG to be calculated separately. Year of acquisition for land is 1993-94 and for building is 1996-97.
Inference - CIT Vs. C.R.Subramanian [2000] 242 ITR 342 [Kar].
Inference - CIT Vs. C.R.Subramanian [2000] 242 ITR 342 [Kar].
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