NISHA AGARWAL (Chartered Accountant) (454 Points)
08 May 2018I had purchased a Plot of Land in the year 1983. In the F.Y. 2017-18, I constructed a commercial building on the said land and Sold all the Shops in the building to different parties in the same year.
I want to inquire whether I am eligible for the indexation benefit on the land as I am not a Promoter.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(180946 Points)
Replied 08 May 2018
Yes
(otherwise also it gets converted to stock, in the year of construction at FMV)
rama krishnan
(12239 Points)
Replied 08 May 2018
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
CAclubindia
