Capital gain for Property sold
This query is : Resolved
06 September 2021
Hello sir,
I bought my Flat in 2008 for 36 Lakhs. I intend to sell this month for 68 Lakhs.
I paid Brokerage Rs. 1.60Lakhs to find a buyer .
What will be my Capital Gain.
Please inform how much is my Capital Gain?
How much should i invest in Government Bond to get exemption from Capital Gain?
Thanks and regrads
I bought my Flat in 2008 for 36 Lakhs. I intend to sell this month for 68 Lakhs.
I paid Brokerage Rs. 1.60Lakhs to find a buyer .
What will be my Capital Gain.
Please inform how much is my Capital Gain?
How much should i invest in Government Bond to get exemption from Capital Gain?
Thanks and regrads
06 September 2021
Cost updated with indexation is 83.29 lacs.you are selling the flat below the indexed cost so capital gains tax not applicable.
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