Menu
taxability on sale of capital asset less than circle rate
sir what will be taxability on me if my capital asset are sold less than circle rate in auction
Replies (2)
Sale consideration will be the Market price of such capital asset as on the date of sale and reduce Cost of aquisition of such asset(do indexation if Allowed) you will get Capital gain on that pay tax
if it's a Govt Auction or by bank or any statutory body then Auction rate is valid
Recent Threads
- Initimation on AIS
- GST on sponsorship from foreign body corporate
- Revised Income tax return karna padega kya
- Registration as deductor on traces site
- Rental Income from a Joint Holding property
- Itr 4 return filing question
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
Related Threads
CAclubindia
