Capital gain

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 May 2012 hello experts
for eg in LTCG my NC on sale of immovable property is 20,00,000 and stamp duty value is 25,00,000 then index cost will be deducted from which amt

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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22 May 2012 Capital Gain is calculated as under:

Sale Consideration
Less: Expenses on transfer
Net Sale Consideration
Less: Indexed Cost of Acquisition
Long Term Capital Gain/Loss

Querist : Anonymous

Querist : Anonymous (Querist)

23 May 2012 it isn't like NC or stamp duty value w.e higher for immovable property should be deducted from index cost

Querist : Anonymous

Querist : Anonymous (Querist)

23 May 2012 it isn't like NC or stamp duty value w.e higher for immovable property should be deducted from index cost

Querist : Anonymous

Querist : Anonymous (Querist)

23 May 2012 it isn't like NC or stamp duty value w.e higher for immovable property should be deducted from index cost

Querist : Anonymous

Querist : Anonymous (Querist)

23 May 2012 it isn't like NC or stamp duty value w.e higher for immovable property should be deducted from index cost

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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24 May 2012 The stamp duty value, i.e., Rs. 25 lakhs shall be the sale consideration. Deduct any brokerage paid from this amount. The balance shall be the Net Sale Consideration.

From this Net Sale Consideration, the indexed cost shall be deducted to arrive at the Capital Gain.

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