Capital gains tax


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
17 December 2012 I am selling a property which was bought more than 40yrs back. when it was purchased, the sale deed mentioned "all land and building" for the sale consideration without a bifurcation of the individual amounts. subsequently, in all the balance sheets, depreciation has been claimed on building without the mention of land anywhere in the balance sheet.i would like to know if since we have not mentioned land anywhere in the balance sheet and claimed depreciation on building, is it automatically understood that depreciation has been claimed on land as well?also if i have to pay long term capital gains tax(at 20.6%)or short term capital gains tax(at a flat 30%)

Arun Biyani (Expert)
17 December 2012 claim as short term capital gain, no need to bifurcate now between land and building.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
17 December 2012 so does that mean depreciation has been claimed on land as well?


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
12 November 2026
Tax Product Specialist

BharatX.ai

Gurgaon

B.Com

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
Featured 07 November 2026
Chartered Accountant

DPV & Associates

Chennai

CA

View Details
Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details
Company
02 November 2026
Audit Executive

SRJP & Co LLP

Kochi

CA Inter

View Details
Company
ARTICLESHIP 07 November 2026
Article Assisstant

DPV & Associates

Chennai

CA Inter

View Details
Company
Featured 07 November 2026
Paid Assisstant

DPV & Associates

Chennai

CA Inter

View Details