Sir,
I purchased a plot in New Shimla in Dec,2006 for Rs.900,000/-(nine lacs)125.80 sq.mts.I started construction on the same in Aug,2010 and spent Rs.11,50,000/- on constructing three floors of 80 sq.mts each.till feb.2013.Now I have sold one floor of the building(partial complete)for Rs.24,00,000/-(twenty four lacs)dated 28/02/2013.The building is incomplete till date.I want to know the profit after sale of the floor and tax calculation thereof.
Thanks,Dr Rajesh Chanana.Mob.No.09816070723.