Long term capital gain for f.y.2011-2012
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 December 2011
please tell me for f.y. 2011-2012 long term capital gain for sale of fixed asset can be applicable on sales of immoveable property in f y 2011-2012
if yes how it is to to be calculated at what rate on said transaction for f y 2011-2012 ?
if no how income tax is to be calculated at what rate for the said transaction for f.y. 2011-2012.
if yes how it is to to be calculated at what rate on said transaction for f y 2011-2012 ?
if no how income tax is to be calculated at what rate for the said transaction for f.y. 2011-2012.
11 December 2011
1.Yes LTCG applicable on sale of immovable property like building/land
2. calculation of ltcg
full value consideration= xxx
less- exp. on transfer = xxx
net full value consideration=xxx
less- cost of aquisition =xxx
(after indexation)
less- cost of improvement = xxx
(if any)
Long term capital gain = xxx
3 20% flat rate applicable for calculation of tax on LTCG
2. calculation of ltcg
full value consideration= xxx
less- exp. on transfer = xxx
net full value consideration=xxx
less- cost of aquisition =xxx
(after indexation)
less- cost of improvement = xxx
(if any)
Long term capital gain = xxx
3 20% flat rate applicable for calculation of tax on LTCG
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Capital Gail Exemption Certificate
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Taxation of crypto futures in India Fy 2026- 2027
- MSME disclosure and disallowance
- Issuing of delivery challan by seller of goods
- Accounting treatment of AMC alongwith the purchase of Laptop
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
