WHICH DATE WILL BE TAKEN TO CALULATE INDEXATION COST
This query is : Resolved
08 October 2019
I HAVE PURCHASE A LAND. AND SUB PLOTTED INTO 50 PLOTS. I HAVE SOLD ALL 50 PLOTS. NOW WHICH DATE WILL BE CONSIDERED TO CALULATE THE CAPITAL GAIN. THE DATE OF SUB PLOTTING OR THE DATE OF PURCHASE OF LAND?
K Srinivas, CMA CS
(Expert)
08 October 2019
Date of purchase of land will be the date used for calculating indexation
KAVIRAJA ADDANGADI
(Expert)
09 October 2019
Date of purchase is taken for calculation for indexation of CG.
26 May 2020
It will come under Capital Gains.
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