CA Sansaar
- All Categories
- Income Tax (1634)
- Students (770)
- Service Tax (497)
- Corporate Law (465)
- Audit (399)
- Accounts (341)
- VAT (277)
- GST (145)
- Excise (106)
- Finance (105)
- Banking (46)
- FEMA (40)
- Custom (29)
- Shares & Stock (18)
- IFRS (18)
- Income Tax Software (5)
- Cost Inflation Index (1)
Recent
- Income Tax Notice Received: What Should a Taxpayer Do?
- IN A GOVT OWENED PSU, MAKE PROVISION IN ACCOUNTS FOR ITEM HAVING CONTIGENCY IN NATURE
- GST Notice Received: How Should a Taxpayer Respond?
- CA vs CMA: Which is better?
- Can a Chartered Accountant Sign Estimated Financial Statements?
- Want to assist in Forensic Audit
- Revising 3CA 3CD to 3CB 3CD
- LFAR in Bank Branch Audit - Clause-by-Clause Discussion by CA Vivek Khurana Notes required
- Bank Branch Audit
- Got high refund
- Form 67
- GSTR9
- Partner of CA firm required
- RENEWAL OF REGISTRATION
- financial statements
- income Tax
- ITR Filing
- Property Attachement
- Liability of Independent and Non-executive director
- financial statements
- stock statement procedure for bank od loan
- ITR FILING OF ARMY UNIT
- signing of Project report
- NON CORPORATE BALANCE SHEET FORMAT
- CA FINAL
- Accounting Treatment of Mutual Fund under IndAS
- ITC Availed & Utilized on Supply from Non-Existent Firms
- GST Liability of Award received by a Company
- Reund of TDS Excess Deposited
- Income Tax TDS
- gst
- Reconstitution of partnership firm in case of death of partner and introduction of new partner
- Consolidattion of financial statemement
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- NR GST NUMBER
- Presumptive Income
- tax audit late filing penality provision applicable f.y.23-24
- Interest in outstanding demand
- sale turnover declared as per books or AIS show in itr f.y.23-24
- GST
Q. > Please Help: Capital Gain Query
The following matter needs to be examined supported by the case laws and the provision of income tax act & wealth tax act, from four different viewpoints to check
· The incidence of capital gain,
· The availability of exemption u/s 54 or 54F of income tax act, 1961 &
· The implication of wealth tax act on below mentioned issues.
Issue No.1
An assessee has a vacant plot. He has constructed a four-story building on that plot. He sold 3rd and 4th floor for Rs. 35 lakhs each.
Issue No.2
The assessee has a vacant plot. The said plot has been handed over to a builder to construct a four-story building under joint development agreement. As per this agreement the builder will get 3rd and 4th floor as consideration.
Issue No. 3
The assessee has a one story building constructed on the said plot. The assessee has demolished the building and handed over to builder. Rest facts are similar to issue No. 2.
Issue No. 4
The assessee has a one story building constructed on the said plot. The assessee has handed over the building alongwith plot to builder. Rest facts are similar to issue No. 2.
Experts Panelist
Comments