I had purchased a Plot of Land in the year 1983. In the F.Y. 2017-18, I constructed a commercial building on the said land and Sold all the Shops in the building to different parties in the same year.
I want to inquire whether I am eligible for the indexation benefit on the land as I am not a Promoter.
Yes
(otherwise also it gets converted to stock, in the year of construction at FMV)
Abic and Mani Chartered Accountants
Kottayam
B.Com
View Details
Malhotra Rajesh & Associates
New Delhi
B.Com
View Details
CCI
Pro
CAclubindia
