Capital gain
This query is : Resolved
19 September 2013
Sir,
How can I work out the capitalgain with indexcost.Please give me on exaple. Assume a property purchased on 2009 for Rs. 2.5 lakhs and sold out for Rs. 4lakhs in 2011 How can calculate the net liability.
Thanking you
How can I work out the capitalgain with indexcost.Please give me on exaple. Assume a property purchased on 2009 for Rs. 2.5 lakhs and sold out for Rs. 4lakhs in 2011 How can calculate the net liability.
Thanking you
CA Pallav Singhania
(Expert)
19 September 2013
Sale Consideration : 400000
less:
Cost of Acquisition : 250000
Short Term Capital Gain : 150000
Asset other than shares and securities sold within 36 months then no indexation, its called short term capital gain...
less:
Cost of Acquisition : 250000
Short Term Capital Gain : 150000
Asset other than shares and securities sold within 36 months then no indexation, its called short term capital gain...
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