Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 August 2013
Dear Sir
I sold a peace of land in the month of October 2012, ( Purchase period: April 1998) and the capital gain is of Rs.5,00,000/- in this but I did not invest this amount till date (31.07.2013).
Please guide is it compulsory to show this in gain in my return if yes than what is the tax rate of calculation on capital gain.
I sold a peace of land in the month of October 2012, ( Purchase period: April 1998) and the capital gain is of Rs.5,00,000/- in this but I did not invest this amount till date (31.07.2013).
Please guide is it compulsory to show this in gain in my return if yes than what is the tax rate of calculation on capital gain.
06 August 2013
It is compulsory to show the capital gain in the return.
The amount is taxable @ 20%.
The amount is taxable @ 20%.
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