capital gain
This query is : Resolved
26 June 2010
hello experts
My query is that if some one has aquired property in 1984 with the cost of 50000/- and get it registerd in 1997 with mv of 250000/- and the same property transfer in 2010 so plz let me know wht should b the cost of acquisition for calculating capital gain ?
waiting for answer.............
My query is that if some one has aquired property in 1984 with the cost of 50000/- and get it registerd in 1997 with mv of 250000/- and the same property transfer in 2010 so plz let me know wht should b the cost of acquisition for calculating capital gain ?
waiting for answer.............
26 June 2010
Since the property is acquired after 1984 you have to take the actual cost price and then apply indexation to the cost u/s 48 of the income tax Act.
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Capital gain from sale of house property
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Stamp Paper for partnership firm change new income tax 2025
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
