Long term capital gain on sale of industrial vacant plot
This query is : Resolved
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
16 September 2018
What was your sales consideration & expenses made on such transfer????
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
21 September 2018
Date of purchase , sale & construction.
21 September 2018
Date of purchase , sale & construction.
23 September 2018
Year 2004 I bought the land & it is a vacant industrial plot sold in April 2018
24 September 2018
CG is near about Rs.1.25 lakhs
24 September 2018
& you get deduction u/s 54F nearabout Rs. 32,16,000
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