capital gain
This query is : Resolved
Subhashchandra
(Querist)
21 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 arises.
22 July 2010
it is a short term capital gain because the property was held for a period of less than 36 months
capital gain would be sale value - purchase value
ie [30,00,000 - 1,50,000 - 30,540] - [22,20,000 + 133,220 + 23,520] which is equal to 4,42,720
capital gain would be sale value - purchase value
ie [30,00,000 - 1,50,000 - 30,540] - [22,20,000 + 133,220 + 23,520] which is equal to 4,42,720
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