31 December 2012
I had purchased a plot of land in Yr 2002 and constructed independent house on that.Construction has been done in 2005.I am planning to sell this house and going to purchase a New flat. Please advice me whether I have to consider land value and House construction value {buy and sell value}separately for capital gain tax purpose?
31 December 2012
You have to consider the value from the day the construction is over. And there is no need to draw a line between the value of Land and buiding
CAclubindia
