Easy Office
LCI Learning

whether long term or short term

This query is : Resolved 
Profile Image

Profile Image

(Querist)
12 September 2008 Building construted on lease hold land sold then whether it will treated as short term gain or long term gain

And if short term gain can it setoff against carryforward losses.
Profile Image

CA RAMESH KUMAR AHUJA

Profile Image

CA RAMESH KUMAR AHUJA (Expert)
13 September 2008 If the Land and building sold was acquired before 3 years or more then the gain is LTCG otherwise STCG. LTCG can be set off against Long Term Capital Loss b/f u/s 74.

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


Answer Query



Quick Links