banner_ad

Capital gain tax on joint development for land owner

Tax queries 338 views 3 replies

For simplicity assuming cost of acquisition as zero for land.

Land area: 10000sft 
Govt rate of land: 2000/sft
Share agreement: 60% builder, 40% landowner

Built-up area received to land owner as per share 10000 sft

Govt rate of apt: 2500/sft
Cost of construction: 1500/sft

What is LTCG if nothing is sold?

What is LTCG and STCG if all of it, i.e 10000sft is sold at 4000/sft

Replies (3)

" What is LTCG if nothing is sold? What is LTCG and STCG if all of it,........."

Without cost of aquisition of land and its period of holding.......... LTCG cannot be estimated.....

Ok. Assume cost of acquisition is 100000 on 1jan2010

sell price......... Rs.1500/- * 10000 sq.ft.

Indexed Cost price : 272/148* 1L..........

Difference LTCG.............

STCG........ Rs. 1000/- * sqft of each flat sold.......


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details