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SALES OF LAND 2024

This query is : Resolved 
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(Querist)
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
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
08 June 2024 When was completion certificate received for the building?
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omnath

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omnath (Querist)
11 June 2024 sir
yes completion certificate received within due date thank sir once again
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
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.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
31 August 2024 Good luck.
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