banner_ad

Capital gains tax on property

This query is : Resolved 
Profile Image

Profile Image

(Querist)
09 February 2014 Hi, I need to understand how much capital tax liability will arise based on following details 1. cost of RES. property 12 lacs 2. bought in 2004. 3. sold at 60 lacs in 2014. this is not the only property I have. assuming above transactions are bank and not cash. Also how much minimum I need to reinvest to avoid capital gains tax. regards. Anjum.
Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
09 February 2014 indexed cost (assuming u bought in FY 2004-05)= Rs 23.475 lakhs. Capital gains: 36.525 lakhs. So you need to invest Rs 36.525 lakhs to avoid LTCG tax.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details