Confusion on how LTCG will be calculated ?

POSTED BY drrekhi ON January 22, 2014 11:57 am ONE COMMENT

I have sold a plot to a builder on Dec 2012 for 120 lakhs, which was purchased by me in year 1989 builder has paid me 35 lakhs for which I have purchased a new plot the same day and the balance amount of Rs 95 lakh has to be received in kind as construction for house in the new plot I had purchased. As I have not received any cash other than 35 lakh do I have to pay Long term capital gain, The agreement to develop my plot is within 2.5 years. Please advice

One reply on this article “Confusion on how LTCG will be calculated ?”

  1. ashalanshu says:

    Dear Drrekhi, please read my reply given to you in your another post.

    Thanks

    Ashal

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