Land & Building Acquisition for Highways widening

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 April 2011
Dear sir,

My client has got compensation for give her land buiding for road widening. She got Rs.315000/- and TDS has been deducted Rs31500/-. She had no other income and her house was so old which was constructed before 35 years.

How can i calculate Capital Gains and get refund.

CA MANOJ GUPTA

CA MANOJ GUPTA (Expert)
Follow

23 April 2011 Dear sir
Compensation amount will become the full value of consideration and indexed cost or FMV as on 1-4-1981 (indexed) will become cost of acquisition the diff will be LTCG

CA MANOJ GUPTA
JODHPUR
09828510543