Tax after new circle rate
This query is : Resolved
22 November 2011
dear
i sold a property for rupees 1000 on 10-11-12 now buyer also purchase the e stamping from bank as per circle rate 950/-and also paid full payment to me in bank.
now circle rate changed after two days
but my concidration amount is 1000/- and he will pay duty on new circle rate 2000/- rupees.
my purhase was900/- now at what amount i will pay income tax?
1000-900=100 or
2000-900=1100?
any cause or refrence for this?
i sold a property for rupees 1000 on 10-11-12 now buyer also purchase the e stamping from bank as per circle rate 950/-and also paid full payment to me in bank.
now circle rate changed after two days
but my concidration amount is 1000/- and he will pay duty on new circle rate 2000/- rupees.
my purhase was900/- now at what amount i will pay income tax?
1000-900=100 or
2000-900=1100?
any cause or refrence for this?
CA SUMiT PATWARi
(Expert)
23 November 2011
its 100-900 = 100 !!
for you FVC is Rs 1000 only !!
for you FVC is Rs 1000 only !!
Dhirajlal Rambhia
(Expert)
16 July 2023
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