Capital gain
This query is : Resolved
04 September 2012
land purchased on 20.05.2008 but entered in books on 31.03.2009 cost of purchase 4356186.
land sold in two parts . 1st on 18.07.2012 price 2529054 & 2nd on 22.08.2012 price 2517125. calculate capital gain or loss
land sold in two parts . 1st on 18.07.2012 price 2529054 & 2nd on 22.08.2012 price 2517125. calculate capital gain or loss
04 September 2012
if Payment Made on 20/5/2008 ..
then Entry in Books Doesnt Matter.
All is LTCG.
Take Indexation Benefit.
All Assessment to be Done in A.Y. 13-14 Only
then Entry in Books Doesnt Matter.
All is LTCG.
Take Indexation Benefit.
All Assessment to be Done in A.Y. 13-14 Only
04 September 2012
but company has to pay advance tax then how much to pay
04 September 2012
Company Have Only That Income, Not Other Than ?
Pay 45%/36% of Total Estimate Tax Liability.
Pay 45%/36% of Total Estimate Tax Liability.
04 September 2012
785/632*4356186=5410769 INDEXED COST
2529054+2517125=5046179 SALE PROCEEDS
ltcl = 364590
2529054+2517125=5046179 SALE PROCEEDS
ltcl = 364590
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