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
CA UMESH DULAL
(Expert)
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
