Capital gain / indexation
This query is : Resolved
02 June 2012
Assessee booked / purchase flat under construction for Rs. 40 lacs
Payment made as 8 lacs per year from 2005-06 to 2010-11. IN June'2011 possession got by assessee & In July 2011 sales deed made & after got the house assessee sold Property in Dec ' 2011 for Rs. 55 lacs.
SO Please inform me how capital Gain worked out & Indexation can claim on Payment of each Year and from which year.
Payment made as 8 lacs per year from 2005-06 to 2010-11. IN June'2011 possession got by assessee & In July 2011 sales deed made & after got the house assessee sold Property in Dec ' 2011 for Rs. 55 lacs.
SO Please inform me how capital Gain worked out & Indexation can claim on Payment of each Year and from which year.
02 June 2012
Short Term Capital Gain with no indexation
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