Long term Capital gains received on sale of Residential Plot of land 10 years after buying it
This query is : Resolved
22 November 2024
Dear sir,
Can you enlighten me on applicability of cost inflation index while calculting long term capital gains on of Residential Plot of land sold on 20th November 2024 after holding it for 8 years ? Thanks in advance.
Can you enlighten me on applicability of cost inflation index while calculting long term capital gains on of Residential Plot of land sold on 20th November 2024 after holding it for 8 years ? Thanks in advance.
22 November 2024
Any land or building purchased by an assessee before 23rd July, 2024 and is a resident of India have given two option. Assessee can choose whichever is beneficial to him. Option: (1) Rate of tax with benefit of indexation 20% or (2) Without benefit of indexation 12.5%.
Cost Inflation Index for current year is 363.
Cost Inflation Index for current year is 363.
Message likes :
1 times
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
- Opting our of sec 44AD
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Regarding appeal to GSTAT
- Multiple trade mark
- Value of property in capital gain
- Form 121 & TDS deduction
- Transporter Declaration form
- Regarding TDS Applicability For Director Remuneration
- Copyright software
- LC charges in relation to Asset purchased should be Capitalised ?
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
