F.Y. 20 15-2016
purchase
plot -C in Dec 15
purchase plot- B in JAN 16
F.Y. 2016-2017
plot -A sold in June 16 which is purchased in Oct 14
plz ask is there will liability of capital gain In relation with plot A which is sold.
Menu
calculation of capital gain
Replies (1)
If there is any gain from the sale of plot A, short term capital gains tax liability arises.
No connection with purchase of plot B & C with sale of plot A
Recent Topic
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
- My client missed to file ITR 3 for AY 25-26
- Subscription/Membership fees
- Inverted tax gst refund
- Mismatch of pincode and district while registering
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
Related Topics
CAclubindia
