House property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 March 2012
i want to know about property sale
a client has a property from his father
his father is dead then he was sale the property in 25 lac rupees
his father purchase the property in 1986
client sale the property in 25 lac & expenses of property sale is 2.5 lac (stamp duty & registration)
please tell me how will i show this entry in income tax return
25 lac rupees is taxable
a client has a property from his father
his father is dead then he was sale the property in 25 lac rupees
his father purchase the property in 1986
client sale the property in 25 lac & expenses of property sale is 2.5 lac (stamp duty & registration)
please tell me how will i show this entry in income tax return
25 lac rupees is taxable
29 March 2012
TAKE THE COST OF ACQUISITION OF THE PREVIOUS OWNER IN 1986.
SALE CONSIDERATION XXX
LESS: EXPS,. ON TRF XX
LESS: INDEXED COST OF
ACQ. XX
LONG TERM CAP GAIN XXX
SALE CONSIDERATION XXX
LESS: EXPS,. ON TRF XX
LESS: INDEXED COST OF
ACQ. XX
LONG TERM CAP GAIN XXX
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Is online PGCE worth it?
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
