Question ID :
40914
CIRCLE RATE OF FIXED ASSETS
X AN INVIDIUAL SOLD A FLAT AT A PRICE OF RS 45 L WHEREAS THE CIRCLE RATE IS 61 L, IN NOV2019 SO WHICH AMOUNT WILL BE CONSIDERED FOR SALE VALUE TRANSACTION AMOUNT OF CIRCLE RATE / +/- 10% OF TRANSACTION PRICE. PLEASE SUGGEST
Posted by
pradeep kumar agrawal
on
Dec 05, 2020
Filed Under
Capital Gains
Difference in sale value and circle rate is more than 10%. So circle rate will be considered for calculation of capital gain.
Posted by
CA. chunauti dholakia on
Dec 07, 2020
Answer ID :
80832
Circle rate of 61 L would be considered for Sale value
Posted by
SURAJ KUMAR CHOUDHARY on
Dec 12, 2020