Capital gain entry
This query is : Resolved
12 January 2014
Dear sir
i have sold residential flat & purchase new flat below is the details for your ready ref
requesting you to pls advise capital gain working and entry
Old flat
Pur details
15th Nov 1991 for Rs. 2,53,351/-
Sal details
28th Aug 2012 for Rs. 30,00,000/-
New flat
7th sep 2012 for Rs. 20,00,000/-
regards
patel
i have sold residential flat & purchase new flat below is the details for your ready ref
requesting you to pls advise capital gain working and entry
Old flat
Pur details
15th Nov 1991 for Rs. 2,53,351/-
Sal details
28th Aug 2012 for Rs. 30,00,000/-
New flat
7th sep 2012 for Rs. 20,00,000/-
regards
patel
12 January 2014
(a) Consideration 3,000,000
(b) Cost 253,351
(c) Indexed Cost (b*f/e) 1,084,699
(d) Capital Gains (a-c) 1,915,301
Investment 2,000,000
Exemption 1,915,301
Tax Nil
(e) 1991-92 199
(f) 2012-13 852
(b) Cost 253,351
(c) Indexed Cost (b*f/e) 1,084,699
(d) Capital Gains (a-c) 1,915,301
Investment 2,000,000
Exemption 1,915,301
Tax Nil
(e) 1991-92 199
(f) 2012-13 852
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