Capital gain tax
This query is : Resolved
11 July 2012
I bought property in 2006 sep for rs 52.5 lac now i am willing to sell it for 169 lac How much will be capitol gain tax. my cell no is 932 444 5211
11 July 2012
Capital Gain shall be calculated as under:
Sale consideration
Less: Indexed cost of acquisition
cost of acquisition * CII of year of transfer/ CII of 06-07
Balance shall be taxable capital gain
Sale consideration
Less: Indexed cost of acquisition
cost of acquisition * CII of year of transfer/ CII of 06-07
Balance shall be taxable capital gain
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