16 October 2014
The Assessee has paid to book a flat as under:
1. A Y: 2009-10-Rs.6,00,300/- (w.e.f. 11/02/2010) 2. A Y : 2010-2011 – Rs. 9,44,920/- 3. A Y : 2011-12 - Rs.13,77,466/- and 4. A Y: 2012-13 – Rs. 2,80,140/-(last: 13/08/2014) – Total Rs.32,02,826/- paid up.
On cancellation due to delivery failure in 36 Months on 01.07.2014 the Builder paid Rs.43,23,398/-. Will you advise how to compute Capital Gain?
CAclubindia
