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| This query is : Resolved
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Author : Anonymous
( Author )
22 May 2012
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hello experts
for eg in LTCG my NC on sale of immovable property is 20,00,000 and stamp duty value is 25,00,000 then index cost will be deducted from which amt
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Siddhartha Bhardwaj
( Expert )
22 May 2012
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Capital Gain is calculated as under:
Sale Consideration
Less: Expenses on transfer
Net Sale Consideration
Less: Indexed Cost of Acquisition
Long Term Capital Gain/Loss
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Author : Anonymous
( Author )
23 May 2012
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it isn't like NC or stamp duty value w.e higher for immovable property should be deducted from index cost
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Author : Anonymous
( Author )
23 May 2012
|
it isn't like NC or stamp duty value w.e higher for immovable property should be deducted from index cost
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Author : Anonymous
( Author )
23 May 2012
|
it isn't like NC or stamp duty value w.e higher for immovable property should be deducted from index cost
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|
Author : Anonymous
( Author )
23 May 2012
|
it isn't like NC or stamp duty value w.e higher for immovable property should be deducted from index cost
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Siddhartha Bhardwaj
( Expert )
24 May 2012
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The stamp duty value, i.e., Rs. 25 lakhs shall be the sale consideration. Deduct any brokerage paid from this amount. The balance shall be the Net Sale Consideration.
From this Net Sale Consideration, the indexed cost shall be deducted to arrive at the Capital Gain.
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