Long term capital gain on sale of industrial vacant plot
This query is : Resolved
Madan saraf
(Querist)
16 September 2018
Recently I have sold a industrial vacant plot & after deducting the indexation cost,
The long term capital gain is rs.9100000.00 , now I have invested rs. 5700000.00 in
a residential flat. I would like to know, how much of rs 57 lakhs will I get as deductions from rs. 91lakhs,While calculating the net taxable amount on capital gains for current financial year.
Madan Saraf
The long term capital gain is rs.9100000.00 , now I have invested rs. 5700000.00 in
a residential flat. I would like to know, how much of rs 57 lakhs will I get as deductions from rs. 91lakhs,While calculating the net taxable amount on capital gains for current financial year.
Madan Saraf
CA Rashmi Gandhi
(Expert)
16 September 2018
What was your sales consideration & expenses made on such transfer????
Madan saraf
(Querist)
17 September 2018
Purchase cost is rs 22lakhs, expances incured rs 18 lakhs , sale consideration is 2.21
Crore . If you need any other information,please let me know. Regards
Crore . If you need any other information,please let me know. Regards
CA Rashmi Gandhi
(Expert)
21 September 2018
Date of purchase , sale & construction.
CA Rashmi Gandhi
(Expert)
21 September 2018
Date of purchase , sale & construction.
Madan saraf
(Querist)
23 September 2018
Year 2004 I bought the land & it is a vacant industrial plot sold in April 2018
CA Rashmi Gandhi
(Expert)
24 September 2018
CG is near about Rs.1.25 lakhs
CA Rashmi Gandhi
(Expert)
24 September 2018
& you get deduction u/s 54F nearabout Rs. 32,16,000
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