Capital gain
This query is : Resolved
Quick Summary
09 October 2020
Hi I have purchased a flat in Feb 2019 for 31lacs paid stamp duty & registration fee Rs 2.43 and sold the same flat in April 2019 for 64 lacs. Please help me in calculating the capital gain
10 October 2020
It's short term Capital Gain
Sale Consideration...........64 Lakhs
Less : Cost of Purchase....31 Lakhs
Less : Stamp duty ect.......2.43 lakhs
Capital Gain,...................30.57 lakhs
10 October 2020
Thanks and tax will be 30%?
10 October 2020
tax as per your slab rate
16 October 2020
Hi. I want to know what would be the calculation if Flat booked in 2010 and was under construction and registry done in 2019. How we treat this equation?
31 October 2021
If proper documentation of right in property envisaged, it will be long term holding.
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
- TDS 194-T applicability
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- Reprocessing of rectification order AY 2025-26
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Putting a heading on received mail
- Section 50-fixed asset-->building ceases to exist
- Foreign lottery ticket bought online from India: legality, tax and consequences
- TDS on TRUST
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
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
