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Capital gain

This query is : Resolved 

13 April 2014 sir i purchased aproperty in 2008 for rs 3 lacs and sold it in 2013 for rs 9 lacs so what is my capital gain also i invest 4 lacs in REC BONDS in one month of sale of my property so kindly advice how much tax libeleties of tax to pay gopal





13 April 2014 Specify the month of purchase and sale as the capital gain will be calculated accordingly.

13 April 2014 purchase 20th july 2008 and sell 16 thapril 2013

15 April 2014 Sale Value = 900000
(-) Indexed COA = 484021
------
Capital gain = 415979
(-)Exemption = 400000
------
capital gain = 15979.

Tax liability= 15979 * 20% = 3292.


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