Capital gain on sale of land 2024
This query is : Resolved
07 August 2024
SIR
MR.A SALE OF LAND AS ON 24/02/2024 RS. 720000/- HE PURCHAES THIS LAND AS ON 15.03.1984 FOR RS. 1500/- ONLY .AFTER HE SPENT EXPENSES FOR DEVLOPMENT AND IMPROVMENT COST RS 5,25,000 FOR VAIES YEAR 1990, 1996, 2001, 2005 2018 .HE CLAIM OF THE AMOUNT ON CAPITAL GAIN WORKING ?
MR.A SALE OF LAND AS ON 24/02/2024 RS. 720000/- HE PURCHAES THIS LAND AS ON 15.03.1984 FOR RS. 1500/- ONLY .AFTER HE SPENT EXPENSES FOR DEVLOPMENT AND IMPROVMENT COST RS 5,25,000 FOR VAIES YEAR 1990, 1996, 2001, 2005 2018 .HE CLAIM OF THE AMOUNT ON CAPITAL GAIN WORKING ?
11 August 2024
Yes, as per FMV as of 01.04.2001.
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
- Applicability
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Offsetting interest income against derivative trading losses
- Gst Sales of FY 2023-24
- RCM - commercial rent paid to URP under GST
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- TDS NUMBER SURRENDER
- My Last working day in current org is in novemebr 2024 but they are asking me to submit IT proof
- Indexation benefit applicability
- SEC 54 OF IT ACT
- Passed group 2 exams under wrong gender
- REQUIREMENT OF 15CB
- QUERY FOR RCM ON RENT
- APPEAL-CIT
- Payable outstanding for years disallowance
- Whether still royalty
- Issue of gst e invoice
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
