Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 August 2013
I have sold my residential flat in F.Y 12-13 for Rs.25 Lkhs which was purchased in F.y 2001 for Rs.10 Lakh.& I purhcased new flat out of that How to calculate capital gain & how to show in IT return
03 August 2013
Capital Gains = (2500000-1000000x852/426)
(Purchased between 1.4.2001 to 31.3.2002)
.
Claim it against the column of exemption U/s
54 in Schedule CG to the extent of Capital Gains arisen.
.
Capital Gains = (2500000-1000000x852/426)
(Purchased between 1.4.2001 to 31.3.2002)
.
Claim it against the column of exemption U/s
54 in Schedule CG to the extent of Capital Gains arisen.
.
03 August 2013
full value of consideration 25 lakhs(A)
Expences on transfer xxxx (B)
Net consideration 25 lakhs(A)-(B)
(Assemed expenses nill)
(C)Less: Cost of acquisition after indexation
=10lakhs*852/406
So capital gain is =25 lakhs -2098522
Long term capital gain is =401478
Thanks & regards
ganesh babu k
Expences on transfer xxxx (B)
Net consideration 25 lakhs(A)-(B)
(Assemed expenses nill)
(C)Less: Cost of acquisition after indexation
=10lakhs*852/406
So capital gain is =25 lakhs -2098522
Long term capital gain is =401478
Thanks & regards
ganesh babu k
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
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Scrutiny assessments u/s 143(2) for AY 25-26
- Capital Gain on EUITY Shares
- GSTR-4 Annual Return ! Pending Returns for F.Y. 20-21 to 22-23
- NON- SUBMISSION OF LLP FORM 3
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- 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
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
