Land purchase will affect the it
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 December 2011
Hi,
I have purchased the Land with full settlement of the value of 100000 in the Nov/2011. Is this affect my income tax FY 11 - 12 or other?
I have purchased the Land with full settlement of the value of 100000 in the Nov/2011. Is this affect my income tax FY 11 - 12 or other?
10 December 2011
Yes this transaction will be included in your return in FY 2011-12 i.e. in AY 2012-2013.
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