Wondering Does UDS value considered while calculating the LTCG On Sale of Apartment Flats? Yes, the value of the Undivided Share of Land (UDS) is included in calculating Long Term Capital Gains (LTCG) on the sale of apartment flats. When determining LTCG, the total sale consideration includes both the value of the apartment and the UDS.
The purchase cost, which also includes the initial cost of the apartment and the UDS, is deducted from this total sale consideration. Additionally, any improvements and indexed cost of acquisition are considered.
This comprehensive approach ensures the LTCG calculation reflects the true market value of the property, encompassing both the apartment and the UDS.
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Is the Value of UDS Also Included in Calculating the LTCG On Sale of Apartment Flats?
Sanjay_Sinha
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2024-07-18T11:20:00+00:00 2024-07-18T11:20:01+00:00Comment
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