Capital gain
This query is : Resolved
padam singhvi
(Querist)
19 July 2010
Property purchase on 24/10/08 and sold 19/3/10, Purchase value-22,20,000/-Stamp duty-133,220/-registration fee-23,520/-
sale value-30,00,000/- stamp duty-1,50,000/- registration fee-30,540/- . i want to know how much capital gain i have faced,
sale value-30,00,000/- stamp duty-1,50,000/- registration fee-30,540/- . i want to know how much capital gain i have faced,
mohinder kansal
(Expert)
19 July 2010
cost of acquisition will be purchase price 2220000 plus stamp duty 133220 plud registration 23520
consideration is 3000000/- assuming stamp duty 150000 and registration fee 30540 is borne by purchaser
short term capital gain will be Rs. 3000000-2376740 i.e., Rs. 623260/- ,
if expenses of rs. 180540/- on transfer of property is borne by seller the same shall be deducted from consideration of rs. 3000000/- and short term cvapital gain shall be decreased by that amount
consideration is 3000000/- assuming stamp duty 150000 and registration fee 30540 is borne by purchaser
short term capital gain will be Rs. 3000000-2376740 i.e., Rs. 623260/- ,
if expenses of rs. 180540/- on transfer of property is borne by seller the same shall be deducted from consideration of rs. 3000000/- and short term cvapital gain shall be decreased by that amount
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- MSME disclosure and disallowance
- Accounting treatment of AMC alongwith the purchase of Laptop
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- 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
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
