Easy Office
LCI Learning

SALES OF LAND 2024

This query is : Resolved 
Profile Image

Profile Image

(Querist)
08 June 2024 SIR
MR A SOLD LAND AND BUILDING AS ON 30.08.2023 RS. 9,45,000/- THIS LAND PURCHASES AS ON 14.03.1987 COST RS. 1000/- AND REG.FEES 100/- AFTER HE SPENT CONSTRUCTION RS.450000/- FOR VARIES YEAR 1995 RS. 75000/- AND RS.175000 AS ON 2000 AND RS. 200000/- AS ON 2010. HE CLAIM THIS AMOUNT FOR INCOME TAX FILING THE FOR THE ASST -YEAR 24-25 CLAIM ON WORKING CAPITAL GAIN .
THANKS
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
08 June 2024 When was completion certificate received for the building?
Profile Image

omnath

Profile Image

omnath (Querist)
11 June 2024 sir
yes completion certificate received within due date thank sir once again
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
11 June 2024 As it is case of long term holding, the indexation of the amount spent is to be taken from the date of completion of the building.

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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links