Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 September 2014
I PURCHASED A LAND IN 2005 AND MADE CONSTRUCTION ON IT 2009 AND SALE OUT IT IN 2009-10 WHETHER SHORT TERM OR LONG TERM CAPITAL GAIN WE CONSIDER THE VALUE OF BOTH LAND AND BUILDING SEPRETALY
27 September 2014
the portion of sale proceeds attributable to land cost will be taxed as long term and the construction part shall be taxed as short term.
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