Capital gain period of holding

Tax queries 148 views 2 replies

Please calculate capital gain for the given land transaction

 

Land purchase details

1 Land purchased on 28/03/2017- 378000

 

2.Land purchased on 28/03/2017- 504000

                       Improvement cost - 400000

                       Total value of land= 904000

Land sold details

1 Land sold on 14/03/2019- 378000    (same value as purchase)

2 Land sold on 14/03/2019- 1677000

Replies (2)

For first land no gain. For second land Short term capital gain of Rs. 6,73,000/-

773000 will be stcg


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