Capital gain tax for commercial property

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Dhiraj Godghate (Querist)
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19 May 2017 Dear Sir , I had Purchased Commercial Property on 15 Feb 2012.As per following Details

Agreement value :2950000
Stamp Duty Paid:184100
Registration Charges :30600
Broker Charges :67000
Meter Transfer Charges :2500
Society Transfer Charges :12500.
Till Date Maintenance & Repairs :240693

Now i want to sell this commercial property @ 50,50,000/- in May 2017
Broker charges would be - 100000
Society Transfer Charges will be - 25000
Kindly help in Calculating the LTCG for this sale transaction and TDS if any need to be paid Can i save this LTCG tax by paying my home loan of other residential Flat

Regards Dhiraj

Studentsca

Studentsca (Expert)
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19 May 2017 Capital Gain Tax will have to be calculated provided you have not taken depreciation on the property.

Studentsca

Studentsca (Expert)
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19 May 2017 Cost inflation Index is not out For financial year 2017 -18. TDS 1℅ of consideration value Under section 194IA will have to be deducted and paid to revenue under challan.

Studentsca

Studentsca (Expert)
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19 May 2017 * 1 percent

Studentsca

Studentsca (Expert)
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20 May 2017 in case you require any professional help feel free to contact.

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