Sir I had purchased a land which was compulsorily acquired by NHAI for their expansion project. They had issued compensation. We went for an appeal with the respective authority and obtained another amount as compensation. How to compute capital gain tax . Both the cases it is a long term capital gain. Could any one help to clarify the computation.
Menu
Capital gain on land acquistion by nhai. proceeds received
Replies (1)
You have to take the total compensation received (initial + additional later), deduct your (indexed) cost price and expenses and compute LTCG.
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
