Capital gain entry

This query is : Resolved

Patel (Querist)
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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

Nikhil Kaushik

Nikhil Kaushik (Expert)
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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

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