Tax effects of appreciation in value of assets
This query is : Resolved
04 June 2022
if appreciation in land value , what will be the tax effects, Appreciation in value of land assume Rs. 10,00,000/-
Land Accounts Dr. 10,00,000
To Appreciation 10,00,000 ( Indirect Income)
how to make tax effects .
Land Accounts Dr. 10,00,000
To Appreciation 10,00,000 ( Indirect Income)
how to make tax effects .
05 June 2022
No tax payable on appreciation in value. Tax will arise only when it's sold.
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