CAPITAL GAINS
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 November 2009
MY FRIEND PURCHASED LAND IN 1992. IN 2008 ENTERED INTO DEVELOPMENT AGREEMENT WITH SHARE OF50 -50. TOTAL NO OF FLATS 14 AND LANDOWNER SHARE 7 FLATS.
MY QUERY IS HOW TO CALCULATE THE CAPITAL GAINS. LANDOWNER WANTS TO KEEP 2 FLATS HIMSELF AND BALANCE FIVE ( 5 ) TO SELL.
WHAT IS THE SYSTEM TO CALCULATE THE CAPITAL GAINS.
PLEASE LET ME ADVICE THE CALCULATION OF CAPITAL GAINS TAX ON SALE OF FLATS / LAND DEVELOPMENT.
WHETHER LAND OWNER TO INCORPORATE THE VALUE OF CONSTRUCTION FOR 5 FLATS OR NOT.
MY QUERY IS HOW TO CALCULATE THE CAPITAL GAINS. LANDOWNER WANTS TO KEEP 2 FLATS HIMSELF AND BALANCE FIVE ( 5 ) TO SELL.
WHAT IS THE SYSTEM TO CALCULATE THE CAPITAL GAINS.
PLEASE LET ME ADVICE THE CALCULATION OF CAPITAL GAINS TAX ON SALE OF FLATS / LAND DEVELOPMENT.
WHETHER LAND OWNER TO INCORPORATE THE VALUE OF CONSTRUCTION FOR 5 FLATS OR NOT.
04 November 2009
AS THE LAND IS PURCHASE IN 1992, THERE WILL BE LONG TERM CAPITAL GAIN ON LAND,
AND THE BUILDING DEVELOPED IN 2008.
THE WILL BE SHORT TERM CAPITAL GAIN ON BUILDING,
AND COST OF CONSTRUCTION WILL BE CONSIDER
AND THE BUILDING DEVELOPED IN 2008.
THE WILL BE SHORT TERM CAPITAL GAIN ON BUILDING,
AND COST OF CONSTRUCTION WILL BE CONSIDER
04 November 2009
HOW EVER THIS CALCULATION WILL NO BE DONE IF THE ASSESSEE ENGAGED IN THE BUSSINES,
THAN ALL THE INCOME WILL BE PART OF PROFIT FROM BUSINESS
THAN ALL THE INCOME WILL BE PART OF PROFIT FROM BUSINESS
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 November 2009
The land owner is house wife and as per development agreement, developer has invested total expenditure and original land owner got 50% of flats
Please let me know how the computation of capital gains will be calculated
Please let me know how the computation of capital gains will be calculated
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