Capital gain period of holding

mohit agrawal (Tax Consultant) (123 Points)

19 March 2019  

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