Capital Gain

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CA FINAL
44 Points Posted on 01 September 2010

Hi, friends,

please help me for

i have given my house for Redevelopment, against which he is giving me Rs 25,00,000 and in addtion new flat in the new building. Contract are done through housing soceity not individually direct contract with me. The cash money given is for compensation for rent for the period of construction of new building.

1) How should i treat Rs . 2500000, as this is against for my future rent payable.

2) if i calculate LTCG, then what will bw my sale consideration??

3) what will be the cost of acquisition of my new house?????

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On 01 September 2010 at 14:05 Report
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Chartered Accountant
31 Points Posted on 01 September 2010

Your Sale Consideration will be Rs.25 Lakh plus the cost of Flat alloted to you.


And For Your new Flat Purchase cost will be same as you are taking in calculating the sale consideration of ur present house minus Rs.25,00,000/-

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On 01 September 2010 at 14:27

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