MY FATHER HAVE PURCHASE LAND IN THE YEAR 1980 BY RS. 900/- AND BUILD A HOME IN THE YEAR 1987 BY EXPENDING OF RS. 50000/- NOW ON 24.06.2017 THE PROPERTY SOLD AT RS. 5000000/-, NOW HOW TO COMPUTE CAPITAL GAIN FOR THE ASSESSMENT YEAR 2018-19
RAJAT SINHA (SENIOR ACCOUNTANT) (50 Points)
25 June 2017MY FATHER HAVE PURCHASE LAND IN THE YEAR 1980 BY RS. 900/- AND BUILD A HOME IN THE YEAR 1987 BY EXPENDING OF RS. 50000/- NOW ON 24.06.2017 THE PROPERTY SOLD AT RS. 5000000/-, NOW HOW TO COMPUTE CAPITAL GAIN FOR THE ASSESSMENT YEAR 2018-19
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160327 Points)
Replied 25 June 2017
Get valuation certificate from Government approved valuer of the property, as of dated 01.04.2001. Based on the valuation, you can arrive at LTCG.............
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