Capital gain on sale of residential property by individual


(Querist)
14 March 2019
we are selling a house at Rs.1 cr.bought in 1975 . The same was inherited & don't know aquisition cost. So we consider it as zero. We are buying new house at Rs.75 lacs. pls. provide LTCG calculation & which amount to be invested to save tax?


CA R SEETHARAMAN (Expert)


Click to Talk 14 March 2019
Don't consider the cost as zero consider market value as on 1st April 2001 and update it with indexes.


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