Capital gian
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 June 2013
if my client purchase a flat 5,00,000 in installment of rs.12500 Quarterly and after 3 year he sold that flat at rs.10,00,000.
what is the index rate and what is purchase amount he clam for deduction.
and what type of gain is this long term or short term.
please reply me
what is the index rate and what is purchase amount he clam for deduction.
and what type of gain is this long term or short term.
please reply me
Rupesh Jain
(Expert)
21 June 2013
PLS MENTION DATE OF PURCHASE
INDEXATION WILL BE YEAR WISE
AFTER 3 YEARS LONG TERM CAPITAL GAIN WILL BE ARISE
AND U CAN INVEST CAPITAL GAIN AND EXEMPTION U/S 54 FOR INVEST IN RESISENTIAL HOUSE.
INDEXATION WILL BE YEAR WISE
AFTER 3 YEARS LONG TERM CAPITAL GAIN WILL BE ARISE
AND U CAN INVEST CAPITAL GAIN AND EXEMPTION U/S 54 FOR INVEST IN RESISENTIAL HOUSE.
Heera Nahariya
(Expert)
21 June 2013
point to point answer:
1. Indexation :- Index of financial year of selling divided by the index of financial year of acquisition of the capital asset.
2. Indexation will be applicable for a long term capital asset. In your case indexation is applicable.
3. Your capital gain is long term capital gain.
1. Indexation :- Index of financial year of selling divided by the index of financial year of acquisition of the capital asset.
2. Indexation will be applicable for a long term capital asset. In your case indexation is applicable.
3. Your capital gain is long term capital gain.
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