capital gain calculation
This query is : Resolved
07 April 2009
Suppose Mr. A lives in rented house ,the owner of his house sold that house to developer,Mr.A accepts sum amount of money from developer to vacant the rented house.
In this case the amount received by Mr.A from developer wheather considered as capital gain? If yes how the gain will be calculated? what will be the cost of acquisition?
In this case the amount received by Mr.A from developer wheather considered as capital gain? If yes how the gain will be calculated? what will be the cost of acquisition?
07 April 2009
it is considered as a capital gain on account of Tenancy right of tenant cost of acquisition will be zero or if any deposit amount or pagadi ginven to the owner of house
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
CAclubindia
