Sale of lease land
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 July 2013
Dear Sir,
Sale of lease land after 3 years considered for long term capital gain ? if yes how much will attract?.
Thanks & Regards
Mr.Lingam
Sale of lease land after 3 years considered for long term capital gain ? if yes how much will attract?.
Thanks & Regards
Mr.Lingam
29 July 2013
yes it is fall under long term capital gain
take index cost of land and sale consideration
and calculate LTCG
take index cost of land and sale consideration
and calculate LTCG
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 July 2013
It is commercial property not taken any depreciation still it considered for LTCG or STCG(regular income) ?
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