Pravindra Ranjan Choudhary (self ampoloyed) (50 Points)
19 March 2019
CA. Umesh kumar
(ca.umesh11@gmail.com)
(1465 Points)
Replied 19 March 2019
Not taxable unless you sell it. If you sell it then capital gain tax applicable. Net sale consideration- indexed cost of acquisition/cost of acquisition. long term capital gain tax rate is 20% and short term capital gain taxable as per slab rate applicable to you
Nilesh Pandya
(proprietor)
(304 Points)
Replied 19 March 2019
Taxable u/s. 56(2)(x), for difference of 8 lakhs.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
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