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.
(-) Indexed COA = 484021
------
Capital gain = 415979
(-)Exemption = 400000
------
capital gain = 15979.
Tax liability= 15979 * 20% = 3292.
Message likes :
1 times
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
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Section 194JA & JB Income which ITR Form to use
- Tax on Deemed Capital Gain
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
