Please Help: capital gain on sale of land
Posted Date : 16-Apr-2014 , 12:27:20 pm | Posted By: Ranjit Kumar
Category :
Income Tax | Answers :
1|
Comments :
0| Hits: 168
|
A company has 2pieces of land having wdv 14lakh out of this one land sold for Rs.7lakh having cost Rs 5Lakh.whether Rs 2 Lakh is capital gain or not ?? |
|
|
Answers:
|
Answer by: Shankygarg |
If Cost of Rs. 5 lakh is after indexation, then ,yes Rs.2 lakh is your capital gain. But, if ,it is not, Calculate Indexed cost firstly and then calculate capital gain.
|
|
|
|
|
|