Please Help: capital gain
Posted Date : 27-May-2014 , 06:12:14 pm | Posted By AMAR
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????
Category : Income Tax | Answers : 0 | Comments : 2 | Hits : 151
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IMRAN KHAN
29-May-2014 , 01:27:04 pmca 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
AMAR
29-May-2014 , 04:36:36 pmNo ..this is cost of improvement, But here my question is for construction on land