03 July 2024
Dear Sir, My query is as below My friend had purchased a Land in 2013 for Rs.600000 & house constructed in the same year. House & land sold in 2023 for Rs.33.50 Lakhs.
My query is whether capital gain is to be calculated separately for land & building & whether cost of construction of building is to be treated as cost of improvement.
CAclubindia
