Income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 December 2016
Mr. ‘A’ sold a piece of land for Rs.55 lac to a buyer ‘B’ whose indexed cost of acquisition was Rs.56 lac and claimed loss in return of income. The consideration was received partly in cheque Rs.30 lac and remaining in cash. There was no deduction of tax at source. The DLC rate for the same was Rs. 65 lac. what all income tax provisions would be applicable?
24 December 2016
If you register below the sub register value, for capital gain tax. Would be assumed to be sub register value .so capital gains is calculation on circle rate or sub register rate only.
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