banner_ad

L t c g on jointly held agricultral land

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 November 2012 A jointly held agricultural land was sold by 3 Brothers Mr. A,B & C for Rs 90 Lac.
Actully they should have got Rs 30 lac each, but due to there mutual settlement Mr A got Rs 40 Lac and the remaining 2 brothers got Rs 25 lac each.

Now my questions is : -How to calculate L T C G for all three brothers.
Facts :- F M V of land in 1981 = Rs 20000/-
Date of Sale = Nov 2012
Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
29 November 2012 The sale deed / agreement to sale is important. The wordings in the recital of the said sale deed/ agreement shall decide the ratio decidendi.
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