Capital gain
This query is : Resolved
GANGADHARA RAO
(Querist)
04 April 2018
Please advise me, i have purchased a site on 31-10-2015, cost of Rs 375000-00, now i have sold on 03-04-2018, cost of Rs 1355000-00, how much capital gain tax and i have 180000-00 other income . please advise me.
K Srinivas, CMA CS
(Expert)
04 April 2018
Since the holding period is more than 24 month, the amount of gains will be Longterm. Longterm gains after indexation is Rs.9.54 lacs.
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