Computation of capital gain on series /emi payments


16 October 2014 The Assessee has paid to book a flat as under:

1. A Y: 2009-10-Rs.6,00,300/- (w.e.f. 11/02/2010)
2. A Y : 2010-2011 – Rs. 9,44,920/-
3. A Y : 2011-12 - Rs.13,77,466/- and
4. A Y: 2012-13 – Rs. 2,80,140/-(last: 13/08/2014) –
Total Rs.32,02,826/- paid up.

On cancellation due to delivery failure in 36 Months on 01.07.2014 the Builder paid Rs.43,23,398/-. Will you advise how to compute Capital Gain?

Thanks

VAPIWALA S G

17 October 2014 can u explain abt the excess amt that is approx 10 lacs, nature........ Interest or compensation?

19 October 2014 The amount is compensation. So do we treat it as Capital Gain? Or as revenue income?

Pls revert back.

Thanks


19 October 2014 The amount is compensation. So do we treat it as Capital Gain? Or as revenue income?

Pls revert back.

Thanks

19 October 2014 The amount is compensation. So do we treat it as Capital Gain? Or as revenue income?

Pls revert back.

Thanks

19 October 2014 The amount is compensation. So do we treat it as Capital Gain? Or as revenue income?

Pls revert back.

Thanks

19 October 2014 Pls revert with the matter as compensation and how treat in the I Tax Act.




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