capital gains tax

In my view since the building has been sold before 3 years from the date of construction capital gain on building would be considered as STCG.

Land on the other hand has been sold after 3-years, hence it will be treated as LTCG on which indexation benefit can be claimed

there must be separate treatment of land and buliding as the land is a LTCA and buliding is a STCA.u have to be calculated both gains taking coa of independent assests.

regards

tarun rustagi 

Originally posted by : tarun rustagi
	there must be separate treatment of land and buliding as the land is a LTCA and buliding is a STCA.u have to be calculated both gains taking coa of independent assests. regards tarun rustagi

 Yes is Right

there decision of Rajsthan HC, in this case.

Thre vil b seprate treatment

Saperate treatment...!!!! when the building is being consturcted why should one go for the diffrent agreement to sale the same when tax benefit of long term capital gain with indexation is available.

Mr. Amit can u please forward me the Rajasthan HC case...