Capital gain tax on profit on sale of land
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 August 2012
DEAR SIR,
1 HAD PURCHASE A LAND AMOUNTNG TO RS.38,25,000.00 ON 20.01.2009, & SOLD THE ABOVE FOR RS. 1,14,04,437.00 ON 17.02.2012 & GET PROFIT OF RS. 75,79,437.00
TELL ME WHAT WILL BE MY CAPITAL GAIN TAX
THANKS & REGARDS
SUMIT
1 HAD PURCHASE A LAND AMOUNTNG TO RS.38,25,000.00 ON 20.01.2009, & SOLD THE ABOVE FOR RS. 1,14,04,437.00 ON 17.02.2012 & GET PROFIT OF RS. 75,79,437.00
TELL ME WHAT WILL BE MY CAPITAL GAIN TAX
THANKS & REGARDS
SUMIT
26 August 2012
Your Capital Gain is Rs.6245288/-(3825000*785)/582. Long Term Capital Gains will be taxed @ 20%
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Difference between Date of Payment and Date of Deduction?
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Unregistered suppliers utility
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- GST Rate for Catering Services
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- EXPORT COMMERCIAL INVOICE HSN CODE
- ITR 4 and Bank transactions
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
