Procedure capital gain & period of holding
This query is : Resolved
22 August 2017
Agricultural land was purchased on 17-4-2008 ,and this is converted to non agriculture land on 25-6-2015 and it is sold in PY 16-17 , so how to compute capitl gain
cost of Agriculture land- 820000
sale value of non agriculture land is 2000000
cost of Agriculture land- 820000
sale value of non agriculture land is 2000000
22 August 2017
calculate period of holding from 17/04/2008.
you can use indexation.
you can use indexation.
23 August 2017
Sale consideration 2000000
Less : indexed cost of acquisition 1580146
Long term capital gain 419854
Less : indexed cost of acquisition 1580146
Long term capital gain 419854
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
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Last year TDS Claim
- Taxation on LTCG for property sold after 24JUL2024
- Suggestions required for income tax filing-software (FY 2025-26)
- GST ON DAMAGED GOODS
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
CAclubindia
