Capital gain
This query is : Resolved
27 September 2012
If Person have Non Agriculture Land Cost is 41000/- on July'06 & he sell this land on Aug'11 @ 180000/- how much capital gain he has to paid today ?
Pankaj Gupta
(Expert)
27 September 2012
calculation of capital gain....
sale price 180000
less:indexed cost (62013)
-------
Long Term Capital Gain 117987
tax on capital gain @ 20% + 3% education cess. ie 24305.
But such tax should have been deposited upto 31st march 2012. Hence interest @ 1% per month is also required to be paid on such tax.
sale price 180000
less:indexed cost (62013)
-------
Long Term Capital Gain 117987
tax on capital gain @ 20% + 3% education cess. ie 24305.
But such tax should have been deposited upto 31st march 2012. Hence interest @ 1% per month is also required to be paid on such tax.
Message likes :
1 times
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- MSME disclosure and disallowance
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Taxation of crypto futures in India Fy 2026- 2027
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
