Capital gain

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This discussion focuses on calculating capital gains from property sales. One user asks about a short-term gain scenario where a flat was bought and sold within months, resulting in a significant profit. Another user inquires about treating a property booked in 2010 but registered in 2019 for capital gains calculation, with the consensus leaning towards long-term holding if documentation supports it.

Shikha gupta

Shikha gupta (Querist)

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

Sagar Patel

Sagar Patel (Expert)

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

Shikha gupta

Shikha gupta (Querist)

10 October 2020 Thanks and tax will be 30%?

Sagar Patel

Sagar Patel (Expert)

10 October 2020 tax as per your slab rate

Shikha gupta

Shikha gupta (Querist)

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?