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WHICH DATE WILL BE TAKEN TO CALULATE INDEXATION COST

This query is : Resolved 
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(Querist)
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?
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K Srinivas, CMA CS

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K Srinivas, CMA CS (Expert)
08 October 2019 Date of purchase of land will be the date used for calculating indexation
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
09 October 2019 Date of purchase is taken for calculation for indexation of CG.



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Rahul

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Rahul (Querist)
17 October 2019 WHETHER IT WILL BE TAXABLE IN PGBP INCOME OR CAPITAL GAIN?
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Asha Kanta Sharma

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Asha Kanta Sharma (Expert)
26 May 2020 It will come under Capital Gains.

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