Tax treatment as per Capital gain
This query is : Resolved
19 January 2022
In 2010, assessee has purchased agri. land and after that in 2019 he converted it into non agri. land. In 2020-21 he sold that non agri. land for a consideration.
My question is what will be the COA and holding period in the following situation:-
1. If such land was rural agri.land when it was bought in 2010?
2. If such land was urban agri.land when it was bought in 2010?
Whether indexation will be available or not? If yes then from where indexataion will be allowed?
Kindly help me to solve this case.
My question is what will be the COA and holding period in the following situation:-
1. If such land was rural agri.land when it was bought in 2010?
2. If such land was urban agri.land when it was bought in 2010?
Whether indexation will be available or not? If yes then from where indexataion will be allowed?
Kindly help me to solve this case.
19 January 2022
Whether the land was subdivided with plotting?
Any other development work?
Any other development work?
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