Capital Gain Tax Calculation in JDA on Land owner, Income Tax

[UpendraKumar Diwan]

I had purchased 1500 SQM land in Bhopal in 125000/-. I had JDA in 2013 with a builder in 35% share built up to me and 65%.to builder. The guideline value of land in 2001-02 was 1200/- per SQM. Now the duplexes are ready for possession of my 35% share i.e. the 3 duplex (constructed area of 108.82,120.7,110.5=340.02 SQM) in lue of the whole land. The guideline value of land=22000/- per SQM and RCC roof house is 32000/-per SQM. The fact is that I am not going to sell any duplex and will use 2 units for my residence and 1 unit had to gift to my close near relative.

Can any body calculate capital gain Tax on me.

Posts / Replies

[DR.MARIAPPAN GOVINDARAJAN]

Please refer the case to the practising professional who will give correct computation of tax on capital gain on the basis of further information furnished by you along with this information.