i am holding 5000 sq ft NA plot in grampanchayat location. now I want go for development. after development i will get 40% share of construction that saling cost will be 55 lacs. approx. and my purchase price means indexed cost will be around 10 lac.
i want know what will be my tax liability approximately.
Menu
stock in trade calculation
Replies (1)
20% + 4% cess over long term capital gains till the date of possession of the built property. Any additional Short term gains as per slab rate.
Recent Topics :
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
- Regarding 3CEB query
- Omitted E-Commerce Sales Reported in Table 14 but
- Omitted sales shown in GSTR-1 Table 14 but not in
- EWAY BILL TAKE OUT OF OTHER COMPAMY
- Penalty & late fee for late ITR filing
- Business discontinued as Government took possessio
Related Topics :
CAclubindia
