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
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
- TDS 194-T applicability
- Applicability of GST on Salary Reimbursement Component
- Tds on commission charges
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Need Professional Opinion AY 2012-13 Old Demand
- Withdrawal in cash from partners capital account by partner
- FAST-DS Scheme - Foreign Assets
- TDS on TRUST
- Consolidated financials
- Regarding Applicability of Tax Audit u/s 44AB
- CHECK RELATED
- Dep. as per companies act
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
Quick Links
ARTICLESHIP
21 September 2026
CA Article Assistant
KK & Company Chartered Accountant
Pune
CA Inter
View Details
CCI
Pro
CAclubindia
