The land owner received 2 Flats as consideration under the JDA. One of the flats has been sold off during FY 2018-19 and the second one is still held by the land owner. How shall capital gains be calculated by the land owner? and what shall be the value of the second flat to be shown in the books?
| Originally posted by : May G | ||
 |
if flat is sold after receipt of cc:2 cg will arise one of against land and one of flat..for land stamp duty value of both d flats plus money recd if any will be sale consideration..and for sale of flat whatever sale consideration he have recd less stamp duty value as on date of cc will be taxable.. |  |
thank u so much
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
CAclubindia
