Want to know about tax treatment of building

This query is : Resolved

pawan saini (Querist)
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28 January 2018 Sir,
I have building which is purchased on 1/4/2015 for 1,00,000. On 31/3/2017 whose WDV was 81,000 and on 1/4/2017 I sold that building for a) 70,000. b) 90,000 c) 1,20,000.
What is tax treatment in Each of the following cases either in CG and PGBP
(Note:- No benifit of any Index )

Renu Goyal

Renu Goyal (Expert)
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29 January 2018 considering it as only asset in the block-
a) 11000 STCL u/s 50
b) 9000 STCG
c) 19000 STCG
however the capital gains may be different in case stamp value is considered as per section 50C