landowner development agreement entered. my confusion for which are capital gain declare or not?. suppose capital gain declared how to calculate capital gain?. please solution.
thanks
swamy
Menu
Capital gain
Replies (6)
| Originally posted by : TVVS Swamy | ||
 |
landowner development agreement entered. my confusion for which are capital gain declare or not?. suppose capital gain declared how to calculate capital gain?. please solution. thanks swamy |
 |
Your query is very vague. Please clarify what exactly is your confusion.
Builder & landowner development agreement entered. So, Landowner is share 60% and Builder 40% of Share. Builder is business income, But, I ask me landowner share is income from capital gain is declare or not?. suppose capital gain is declared how to calculate capital gain?.
please solution.
Cost of land and building less share of 40 % Is CG
Only development agreement would not be sufficient for cap gains.
When deed of conveyances are entered then it would be cap gains.
Landowner share is 40% for which it is cap gains. Consideration is amount incurred by the builder for making that 40% share.
yes for Land owner it will be capital gain. for
more details pls contact vktanna @ gmail.com
Recent Threads
- GST on business receipts pre -registration
- A Restaurant registered under the Composition Sche
- GST RATE OF OUT DOOR CATERING
- Non resident taxation & income tax in India
- GST Rate for oral Hygiene Combo Pack
- GST registration - Address error
- TDS on property pu
- Import of goods IMS action related
- Incometax Survey - Updated Return Filing after the
- TCS under 206C(1F)
Related Threads
CAclubindia
