Land valuation method
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 December 2015
Dear Sir/Madam,
my Question is
if my grandfather is and land owner that is gifted by My Great Grandfather which is now gifted to me on 2013 and i Sold in Year 11-Dec-2014,
Now, how to calculate the value of land, no Land near around is Sold After 1970 till Date,
what value is to considered as on 1981 to calculate Index for Long Term Capital Gain.?
What if Same land is Agriculture land at least 10 km away from the Urban Area,
Regards
Ajay Patel (Article Asst.)
+91 7777 9050 84
my Question is
if my grandfather is and land owner that is gifted by My Great Grandfather which is now gifted to me on 2013 and i Sold in Year 11-Dec-2014,
Now, how to calculate the value of land, no Land near around is Sold After 1970 till Date,
what value is to considered as on 1981 to calculate Index for Long Term Capital Gain.?
What if Same land is Agriculture land at least 10 km away from the Urban Area,
Regards
Ajay Patel (Article Asst.)
+91 7777 9050 84
23 December 2015
If the land is 10kms (Areal Distance) away : No Tax liability as the asset transferred is not a capital asset.
.
For getting 1981 valuation you have to contact approved (by IT) registered valuers.
.
.
For getting 1981 valuation you have to contact approved (by IT) registered valuers.
.
Message likes :
1 times
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 December 2015
Dear Sir
What can be value of Land if the Land in 1km away from city, as on 1981.?
if no land is Sold after 1970,in near around ?
What can be value of Land if the Land in 1km away from city, as on 1981.?
if no land is Sold after 1970,in near around ?
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
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Refund of AY 22-23
- HSN Details in IFF/GSTR-1 & in GSTR 9
- TDR receipts for agreement holder
- Inventory of finished goods
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Sale of property furniture sale
- Company Incorporation - CA and directors signing from different states
- GST APPLICABILITY ON POLLUTION CHECK SERVICE
- Intimation wrongly states taxpayer has offerred u/s. 44ad & states probable resolutiton to do audit
- Refund AY 2012-13 and 2013-14
- DIRECT TAX CODE 2025
- MODEL FILLED AUDIT REPORT FOR TRUSTS IN FORM 10B
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- 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?
- Query for dubts
Trending Online Classes
CAclubindia
