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?????
CAclubindia
