Capital Gain
This query is : Resolved
17 December 2008
Question-1
Actual Consideration received Rs 100 lakhs,stamp duty paid for Rs 110 lakhs,full consideration deposited in CG A/c scheme. whether i have to pay tax on difference between RS 100 Lakhs and 110 lakhs.
Question-2
Nearest to the above land for same area stamp duty paid for Rs 150 lakhs.
Whether i have to considre the rs 150 if the answer to the above is yes.
please answer me
with regards
murugesan
Actual Consideration received Rs 100 lakhs,stamp duty paid for Rs 110 lakhs,full consideration deposited in CG A/c scheme. whether i have to pay tax on difference between RS 100 Lakhs and 110 lakhs.
Question-2
Nearest to the above land for same area stamp duty paid for Rs 150 lakhs.
Whether i have to considre the rs 150 if the answer to the above is yes.
please answer me
with regards
murugesan
17 December 2008
u need to pay tax on 110 lakh on which stamp duty is paid- Sec 50B.
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