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Capital gain calculation

Tax queries 301 views 2 replies

respected sir,

 

My grand father had land in Usmanabad Maharashtra long ago the same got transferred to me from time to time. I have no valuation paper of the said land & last year the land got acquired by govt. Now my question is how shall i compute capital gains of the same. The govt dept has deducted TDS us 194A (10%) on the consideration. Kindly help me to get the refund of the same as i have already invested the sale consideration in buying residential flat.  

Replies (2)
Agriculture land ???
First if it is in rural area and an agricultural land such transfer is not termed as capital gain.


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