EASYOFFICE
EASYOFFICE
EASYOFFICE

Sale of one floor

This query is : Resolved 

09 May 2016 A person gave construction contract to the builder for construction of 4 floors. one floor is kept by builder and 3 floors are given to owner. Now owner sold one floor out of three. how capital gain shall arise whether one single sale of floor or when all the floors of owner sold on FIFO basis as capital gain calculated in Block method under businees and profession.

09 May 2016 Each floor can be treated as separate asset and capital gain can be calculated separately.

09 May 2016 you are doing the business then your income taxable under income from business & profession




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries