Capital gain
This query is : Resolved
28 February 2018
Hello Experts
My client is selling the property and he will purchase the new one within time period.
The purchase price as on 01.04.2001 was Rs.17 lac and the indexed cost comes around 46 lac. Now i am confused which price i should take for calculating capital gain. The sale price is approx Rs45 lac.
Pl guide me , can we claim loss and take cost after indexation or before indexation .
Regards
My client is selling the property and he will purchase the new one within time period.
The purchase price as on 01.04.2001 was Rs.17 lac and the indexed cost comes around 46 lac. Now i am confused which price i should take for calculating capital gain. The sale price is approx Rs45 lac.
Pl guide me , can we claim loss and take cost after indexation or before indexation .
Regards
CA R SEETHARAMAN
(Expert)
28 February 2018
Claim loss take cost after indexation.
Message likes :
1 times
28 February 2018
Sir
Pl also guide where to show loss in the return. We have to claim exemption u/s 54.
Pl also guide where to show loss in the return. We have to claim exemption u/s 54.
CA R SEETHARAMAN
(Expert)
28 February 2018
The loss can be carried forward. As there's no capital gains no need to claim 54 exemption.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
