For Capital Gains (Profit Tax), is the "Purchase Value" is considered as mentioned in the Sale Agreement or as per Sale Deed? For example : Sobha mentions the Undivided Share of Land Cost and Construction cost in the Sale Agreement. In Sale Deed, they only mention about Undivided Share of Land cost.
Hello there, the purchase price for capital gain consideration includes value of undivided share of land cost, construction cost, and any other associated cost including interiors, registration, etc. Typically Chartered Accountants who file IT returns are the ones who have the expertise, we suggest you consult your CA (We can help connect if required as well).
@@addressadvisors Kindly connect me with CA. As per my knowledge, the capital gains are calculated based on the new sale minus the price mentioned in the Sale Deed.
For Capital Gains (Profit Tax), is the "Purchase Value" is considered as mentioned in the Sale Agreement or as per Sale Deed?
For example : Sobha mentions the Undivided Share of Land Cost and Construction cost in the Sale Agreement. In Sale Deed, they only mention about Undivided Share of Land cost.
Hello there, the purchase price for capital gain consideration includes value of undivided share of land cost, construction cost, and any other associated cost including interiors, registration, etc. Typically Chartered Accountants who file IT returns are the ones who have the expertise, we suggest you consult your CA (We can help connect if required as well).
@@addressadvisors
Kindly connect me with CA.
As per my knowledge, the capital gains are calculated based on the new sale minus the price mentioned in the Sale Deed.