Please Help: capital gain
Posted Date : 27-May-2014 , 06:12:14 pm | Posted By: AMAR
Category :
Income Tax | Answers :
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5yera old lan (value 200000) and construction of bunglow on it 1yera old (value 300000) and now sale for rs 700000 ..so what is capital gain...whether land portion gain called long term and bunglow portion gain called short term? if yes then how to calculate the land gain meand cost and sale value???? |
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| Posted By : AMAR |
29-May-2014, 04:36:36 |
| No ..this is cost of improvement, But here my question is for construction on land |
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| Posted By : IMRAN KHAN |
29-May-2014, 01:27:04 |
| ca student
calculate capital gain as follow
sale price - 700000
less
I coi for land-200000*939/632 - 297151
coi for bungalow - - 300000
capital gain. 102849 |
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