Computation of capital gain
This query is : Resolved
ANIRUDH MIMANI
(Querist)
27 June 2016
I had a client who purchase a property for Rs73690 on 1/4/80.he sold such property for RS 35Lac in the previous year 15-16. What will be the Capital gain on such property?
Rupesh Jain
(Expert)
27 June 2016
you take indexatjion cost benefit
for that see
https://cadiary.org/cost-inflation-index-capital-gain/
cost X sale year index/buy year index= indexation cost
sales price-index cost= capital gain
tax will 20% of the profit.
you can get the benefit of section 54.
for that see
https://cadiary.org/cost-inflation-index-capital-gain/
cost X sale year index/buy year index= indexation cost
sales price-index cost= capital gain
tax will 20% of the profit.
you can get the benefit of section 54.
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