Capital gain
This query is : Resolved
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.
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