capital gain

This query is : Resolved

Nitesh Sethiya (Querist)
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11 August 2009 Dear All,

I Sale a shop in the city area whihc having stamp value consider is Rs. 1000000
and my purchase cost is Rs. 250000 in the year of 2002-03.

tell me how much I have to pay for tax.?

If I Purchase a residential plot then any exemption under section 54 F or only a residential property (house) purchase then will get exemption,

or IF I register this document at lower rate then any benefit to me or not?

Pls reply me ASAP.I have to registered on tomorrow itself.

Parixit Namdhar

Parixit Namdhar (Expert)
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12 August 2009 There is no use of getting it registered at beloe DLC rates at only DLC rates will be considered if the registered vaule of property is below DLC.

Secondly if you bought a residentila Plot and intended to construct the house with in three year and does not have more then one at present then you are eligible for deduction u/s 54F.