Menu
Capital gain
suppose, a land has been purchased on 1.4.81 for 1,00,000 & a building had been constructed on 1.4.2005 for 6,50,000.in the py 2015-16 it has been sold for 27lacs, now at what value & for which period indexing is to be done? ?
Replies (1)
Full value of considration. 2700000
Less - indexed cost of land
100000*1081/100. -1081000
Indexed cost of constr.
650000*1081/497. -1413783
Taxable long term capital gain. 205217
Recent Topics :
- PAN CANCELLATION OF A DISSOLVED PARTNERSHIP FIRM
- Transport agency accounting entry in purchase &
- REGARDING HSN CODE FOR WASHING JOB CHARGES
- Advance Tax Due Date 2026
- Query – Interest on Capital Received by Part
- Query - Section 164(2)(a) – Interpretation o
- Submission for Expert Opinion on Rectification of
- NRI since March 2023 – resident savings acco
- My All-Time Top 15 Indian Web Series
- Wrong date of invoice
Related Topics :
CAclubindia
