Capital Gains
This query is : Resolved
Stanley Ravi
(Querist)
28 February 2011
My mother disposed some ancestral property.
What are the investment options?
How can Capital Gains tax avoided?
How is capital gains calculated?
Thank you.
Stanley Ravi
What are the investment options?
How can Capital Gains tax avoided?
How is capital gains calculated?
Thank you.
Stanley Ravi
CA Jeen paul
(Expert)
03 March 2011
assuming it is house
capital gain calculation:
full value of consideration
less: exclusive expenditure for sellig property
less: Indexed cost of acquisition
less: eligible deductions U/s 54,B,C ect,
= long term capital gain
Indexed cost:
assuming the asset is the property of the assesee before 1.4.1981 opt for actual cost / fair market value. take index of 1.4.1981 or the year of possession by the assessee(if after 1981)
deduction buy or cunstruct a house or invest in specified bonds or deposit in a bank
you can avoid capital gain by investing in another property or making deposit or purchasing specified bonds
capital gain calculation:
full value of consideration
less: exclusive expenditure for sellig property
less: Indexed cost of acquisition
less: eligible deductions U/s 54,B,C ect,
= long term capital gain
Indexed cost:
assuming the asset is the property of the assesee before 1.4.1981 opt for actual cost / fair market value. take index of 1.4.1981 or the year of possession by the assessee(if after 1981)
deduction buy or cunstruct a house or invest in specified bonds or deposit in a bank
you can avoid capital gain by investing in another property or making deposit or purchasing specified bonds
Message likes :
1 times
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Issuing of delivery challan by seller of goods
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
