CA Day celebration 2024 Easy Office
LCI Learning

Capital Gain

This query is : Resolved 
Profile Image

Profile Image

(Querist)
31 December 2008 My client has 1000 sq. mt of plot costing to Rs. 1500000. While ploting 100 sq. mt is kept open as per govt rule. then while calculation cost of acquisition
1) 1500000/1000 or
2) 1500000/900
Profile Image

CA Hemant T Dewani

Profile Image

CA Hemant T Dewani (Expert)
31 December 2008 no the total area is taken as 1000 sq meter not 900 sq mt
who build the house it is important as per your agreement it is 1000 sq mt
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
07 November 2021 Second option is correct.
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CA Day celebration 2024 with Tally CCI Pro

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links