Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 August 2012
i purchase a flat in delhi in 93-94. i got possession and after that i paid all due installment with penalty appox 60000 but achul registery of general power of attorney made in 2000-01 of rs 50000. other expeses was 5000 as commision and rs 1000other.
now i have sell this flat in 2011 for registered at 10 lac with 32000 commission.
please help me how to compute capital gain.
reason for late registery is that property was disputed but no legal case on it.
now i have sell this flat in 2011 for registered at 10 lac with 32000 commission.
please help me how to compute capital gain.
reason for late registery is that property was disputed but no legal case on it.
01 August 2012
1take indexation for purchase price/cost
2. additional purchase cost of POA n commisin with indexation
3.claim transfer expenses (commisn) of Rs.32000 from sell price...
2. additional purchase cost of POA n commisin with indexation
3.claim transfer expenses (commisn) of Rs.32000 from sell price...
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
- ITR 2 Short Term gain & Long term gain
- Off Market debit and credit transaction
- Itr 1 processing
- Reporting Income under Section 44ADA
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Bank Accounts in Balance Sheet for ITR 3
- ITR returnFY25-26
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
