banner_ad

capital gain

This query is : Resolved 
Profile Image

Profile Image

(Querist)
06 July 2009 I have purchased a plot 10 year back in 1999 at Rs 2.5 lac and sold it in 2009 at a cost of 12.60 lac
what is my capital gain
secondly how much to be invested in bonds
Which is the best bond as regards to interest. Is Interest is taxfree.
Is there any rebate on senior citizen as regards to capital gian.

Rajeev Saxena
9899665048
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
06 July 2009 Sale value 1,260,000
Indexed cost 385,604
(250000 / 389 (Index of 1999-00) * 600 (index of 2009 - 10 (not notified, assumed))
Capital Gain 874,396

Rs. 875,000/- to be invested in bonds - REC or NHAI. Interest on bonds taxable.

No rebate for senior citizen except for basic exemption
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details