Capital gain
This query is : Resolved
30 July 2013
i have purchase house dated 05/08/1984 cost of rs 115000 and sell on 10/04/2013 sell consideration 1500000 . i dont want to pay tax what is new investment scheme and of what cost
30 July 2013
Dear Hitesh,
In your case LTCG comes around = 636120
You have below mentioned option to save from tax on above mentioned amount:
1. Purchase of new house Section 54 and 54F
2. Investment in Bond of REC under section 54EC
First of all, what is running in your mind is an important question then decide to go ahead to save income tax.
Cost inflation index 1984 - 85: 125
2013-14: 939
Cost inflated value of the property: 863880
Thanks
Mihir Doshi
In your case LTCG comes around = 636120
You have below mentioned option to save from tax on above mentioned amount:
1. Purchase of new house Section 54 and 54F
2. Investment in Bond of REC under section 54EC
First of all, what is running in your mind is an important question then decide to go ahead to save income tax.
Cost inflation index 1984 - 85: 125
2013-14: 939
Cost inflated value of the property: 863880
Thanks
Mihir Doshi
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Gift of mutual fund units to daughter
- TDS ON CASH WITHDRAWALS...
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Pan Card apply for Self help group
- Reporting of STCG on Property in ITR
- Error while filling exam form November 2026
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- 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
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
