praveen sisodia's Expert Profile

Queries Replied : 23

About me

I am ACA & CS and working in ICICI Bank in Mumabi. I had completed my CA Final in June 2009 and CS Final in june 2008. I cleared my CA inter in Nov 2006 with 62%. And hoping to excel in the future too...

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CHANDRAKANT RONGHE says : SHORT TERM CAPITAL GAIN
I HAD PURCHASED FLAT IN 10/2010 AND PAID Rs. 1.35 LACS TOWARDS REGISTRATION CHARGES. POSSESSION WAS TAKEN ON 03/11. THE TOTAL PURCHASE PRICE INCLUDING ALL CHARGES IS Rs. 22 LACS. I HAD NOT INCLUDED THE LEGAL CHARGES OF THE ADVOCATE WHICH IS ABOUT Rs. 6000/-. FOR WHICH IN NAVE NO RECEIPT. THE FLAT WAS SOLD ON 05/11 FOR Rs. 33.50 LACS. NOW I HAVE BOOKED A FLAT WHICH IS UNDER CONSTRUCTION. HOW MUCH CAPITAL GAINS TAX I HAVE TO PAY ? I WILL BE OBLIGED IF A DETAILED CALCULATION IS POSTED. I AM FROM PUNE CITY AND I AM OF 51 YEARS OF AGE. MY E-MAIL ID IS ckronghe@gmail.com