SALES OF LAND 2024
This query is : Resolved
Quick Summary
08 June 2024
SIR
MR A SOLD LAND AND BUILDING AS ON 30.08.2023 RS. 9,45,000/- THIS LAND PURCHASES AS ON 14.03.1987 COST RS. 1000/- AND REG.FEES 100/- AFTER HE SPENT CONSTRUCTION RS.450000/- FOR VARIES YEAR 1995 RS. 75000/- AND RS.175000 AS ON 2000 AND RS. 200000/- AS ON 2010. HE CLAIM THIS AMOUNT FOR INCOME TAX FILING THE FOR THE ASST -YEAR 24-25 CLAIM ON WORKING CAPITAL GAIN .
THANKS
MR A SOLD LAND AND BUILDING AS ON 30.08.2023 RS. 9,45,000/- THIS LAND PURCHASES AS ON 14.03.1987 COST RS. 1000/- AND REG.FEES 100/- AFTER HE SPENT CONSTRUCTION RS.450000/- FOR VARIES YEAR 1995 RS. 75000/- AND RS.175000 AS ON 2000 AND RS. 200000/- AS ON 2010. HE CLAIM THIS AMOUNT FOR INCOME TAX FILING THE FOR THE ASST -YEAR 24-25 CLAIM ON WORKING CAPITAL GAIN .
THANKS
08 June 2024
When was completion certificate received for the building?
11 June 2024
sir
yes completion certificate received within due date thank sir once again
yes completion certificate received within due date thank sir once again
11 June 2024
As it is case of long term holding, the indexation of the amount spent is to be taken from the date of completion of the building.
31 August 2024
Good luck.
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
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Difference between Date of Payment and Date of Deduction?
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Unregistered suppliers utility
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- FCRA 6 E- Intimation
- Bank details not Visible on Traces Portal
- Taxability of Partnership firm for FY 2025-26
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
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
