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?
23 November 2011
its 100-900 = 100 !!
for you FVC is Rs 1000 only !!
for you FVC is Rs 1000 only !!
23 November 2011
dear
is there any book or case like this for refrence?
is there any book or case like this for refrence?
16 July 2023
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