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Capital gain on sale of pagadi flat


17 March 2013 Sir,
I am leaving under pagadi system fr more than 15 years and two years back it had went to redevelopment. I had paid Rs. 150000/- only on account of stampduty and registration charges. The builder has made sale deed giving ownership to me.

Now I want to sell this flat for 20 lacs.
Then what will be tax treatment for capital gain or any other heads of Income?

Please suggest with provisions or section number?

17 March 2013 Please let me know what is pagadi system.

18 March 2013 Pagadi is old system followed in Maharashtra just as tenants






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