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
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