MR .A LAND ENHANCED BY GOVT. RS.15,00,000/- WITH TDS RS.150000/-, OF NATIONAL HIG VAY PURPOSE. AS ON 2016 MR A PUR .AS ON 2009 RS.100000/-
1) HIS COVER UNDER CAPITAL GAIN?
2)CAPITLA GAIN WORKING METHODS.
T.T.VIJAYAPRAKASH (properter) (253 Points)
28 September 2017MR .A LAND ENHANCED BY GOVT. RS.15,00,000/- WITH TDS RS.150000/-, OF NATIONAL HIG VAY PURPOSE. AS ON 2016 MR A PUR .AS ON 2009 RS.100000/-
1) HIS COVER UNDER CAPITAL GAIN?
2)CAPITLA GAIN WORKING METHODS.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177721 Points)
Replied 28 September 2017
1. Yes (unless vide section 96 of the RFCTLARR Act)
2. 272/148*1.......... 1,83,700 the indexed cost as for FY 2017-18.
Appx. 13,16,300/- LTCG
Karan Mittal
(54 Points)
Replied 29 September 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177721 Points)
Replied 29 September 2017
@ Karan: For Urban agricultural land or any non-agricultural land...... the compulsory aquisition under 'REFTLARR' act, 2013....... aquisition effective from 01.01.2014; will be tax-exempt. But the applicability should be checked from the documents....