Sale of Lease Hold Land by the Company

Share
Share This Thread
  1. Shital

    Shital Member

    The Company had Acquired Lease hold Land (99 Years) of Maharashtra State Goverment in The Year 1984-15 (Financial year 1984 - 85) at Rs. 6,5000/=

    The Company has constructed Building on it and the Depriciated value of the Building is Rs. 1,89,000/=

    The Company has transfereed aforesaid Lease hold Land alongwith Building at Rs.145,00,000/- on 25.03.2016 to another person.

    What would be the capital Gain on it. Can we save capital Gain by purchasing another Property.

    Is ther any way to save Tax on aforesaid transaction.

    Kindly suggest,

    Shital
    [email protected]
     
  2. Shital

    Shital Member

    Sorry for the same.

    Many many thanks for your valuable input.

    such thinkgs will not be reapeted in future.
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
Cap Gains on sale of Lease Hold Plot by Company Income Tax Feb 22, 2016
How can buyer get refund of TDS paid when sale fell through Income Tax Feb 13, 2018
LTCG on sale of shares Income Tax Feb 2, 2018
TDS Rates on sale of Property - RONR Income Tax Jan 27, 2018
TDS on Resale Income Tax Jan 27, 2018