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Capita gain

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(Querist)
19 August 2014 Dear All
One of my client buy a land in 1991 and he constructed a building on that land in 1992. Now in 2014 he sold the property. My question is form which year indexation will be applicable for calculating capital gain or can we apply separate indexation for land & Building?
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
19 August 2014 use separate indexation for land and building.
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
19 August 2014 use separate indexation for land and building.
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Bhola Muraw

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Bhola Muraw (Querist)
19 August 2014 That means for Land indexation year will be 1991 and for building indexation year will be 1992.
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
19 August 2014 yes
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
19 August 2014 yes
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Rupesh Jain

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Rupesh Jain (Expert)
19 August 2014 yes you can take diff-2 indexation on land and building.
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