LTCG on industrial property.
This query is : Resolved
20 May 2022
Constructed building on industrial plot in 2010 . Cost of construction only ( Plot cost extra) 22 LAKHs
Sold in April 2022. Depriciated value as on 31.03.2022 is 7.5 Lakhs.
For calculation of LTCG, cost of Plot will be as per cost index. What will be the building cost 22 Lakhs or 7.5 Lakhs.
K B Garg
Sold in April 2022. Depriciated value as on 31.03.2022 is 7.5 Lakhs.
For calculation of LTCG, cost of Plot will be as per cost index. What will be the building cost 22 Lakhs or 7.5 Lakhs.
K B Garg
21 May 2022
For plot adopt indexed cost. For building it's 7.50 lacs book value.
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- 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
