Land & Building Acquisition for Highways widening

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 April 2011
Dear sir,

My client has got compensation for give her land buiding for road widening. She got Rs.315000/- and TDS has been deducted Rs31500/-. She had no other income and her house was so old which was constructed before 35 years.

How can i calculate Capital Gains and get refund.


23 April 2011 Dear sir
Compensation amount will become the full value of consideration and indexed cost or FMV as on 1-4-1981 (indexed) will become cost of acquisition the diff will be LTCG

CA MANOJ GUPTA
JODHPUR
09828510543



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