How to calculate short term capital gain for 2014-15
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 August 2013
i have purchases a plot on 15/12/2012 rs 398115 and sales rs 630000 on 10/08/2012 how to calcultate the capital grain and my bussiness income is app 250000
how much the tax is given
how much the tax is given
14 August 2013
sales consideration 630000
Less: Purchase Price 398115
Short term capital gain 231885
Less: Purchase Price 398115
Short term capital gain 231885
14 August 2013
Short Term Capital Gain is calculated as under:
Sale Price
Less: Cost of acquisition
Indexation benefit is NOT available.
Accordingly in this case STCG will be Rs. 231885
Sale Price
Less: Cost of acquisition
Indexation benefit is NOT available.
Accordingly in this case STCG will be Rs. 231885
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