Capital gains
This query is : Resolved
22 August 2015
I purchased a property in 2008 for rs. 4500000.00. the stampduty paid on the value of 18000000.00. Now I sold the property for Rs.1,80,00,000.00 only. No variation of rate since 2008. In computing tax on capital gains which will be the cost of acquisitio. Rs.45,00,000.00 or Rs.1,80,00,000.00.
22 August 2015
If 45 lacs has been mentioned in the document as purchase value that will be the cost of acquisition. If section 50C is applied then stamp duty value will be the cost of acquisition.
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