ARTICLE CLERK
69 Points
Joined November 2008
TREATMENT WILL BE DONE IN THE FOLLOWING WAYS
A)IF NO SOURCE OF BIFURCATION IS AVAILBLE, TREAT FULL VALUE AS SALE CONSIDERATION
LESS: WDV OF BULDING AT THE TIME OF SALE (WHICH IS NIL)
LESS: INDEXED COST OF LAND
=LONG TERM CAPITAL GAIN
B)WITH PROVISO TO SEC 50C STAMP DUTY VALUE OF LAND AND BUILDLING WILL BE CONSIDERED AS SALE CONSIDERATION
SALE CONSIDERATION (LAND) SALE CONSIDERATION (BLDG)
LESS:INDEXED COST OF LAND LESS: WDV OF BLDG (NIL)
= LONG TERM GAIN = SHORT TERM GAIN