CapitalGain
This query is : Resolved
14 February 2009
Hi,
Land purchased on 1.5.1998 for Rs 500000
Cost of Improv. on 1.5.2007 Rs 300000
Sale Proceds on 1.5.2008 Rs.1250000
Index coa 784900
What will be the treatment of Cost of Improvment? It STCG or LTCG?
please suggest
thank
Land purchased on 1.5.1998 for Rs 500000
Cost of Improv. on 1.5.2007 Rs 300000
Sale Proceds on 1.5.2008 Rs.1250000
Index coa 784900
What will be the treatment of Cost of Improvment? It STCG or LTCG?
please suggest
thank
14 February 2009
Improvement can neither be short nor long term.
It is the capital asset which is short/long term.
It is the capital asset which is short/long term.
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
- GST Regis.
- Inventory of finished goods
- Disallowance of Section 43B(h) to sez units
- Applicability of Ind As to associate of associate
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Sale of property furniture sale
- Bogus purchase treatment for it act gst dealer
- Tax on capital gains revoked us 54f
- Company Incorporation - CA and directors signing from different states
- Filing of Form 10BB instead of Filing Form 10B
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- 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?
Trending Online Classes
CAclubindia
