Long Term capital gain
This query is : Open
Quick Summary
30 January 2021
Mr X had purchased a flat for 23 lakhs but the Sale Deed value is only 9 Lakhs. Agreement to Sale shows the Value as 23 lakhs and the money paid through LIC Loan ( Having all the Proof of payment) in the year 2011.
Now he wants sell the property for 37 lakhs. For Index the cost of the Flat whether 23 lakhs ( Actual cost ) or the Registered Value of Rs. 9 lakhs ( Sale deed value ) to be considered.
Please clarify .
VEERABUDRAN
Now he wants sell the property for 37 lakhs. For Index the cost of the Flat whether 23 lakhs ( Actual cost ) or the Registered Value of Rs. 9 lakhs ( Sale deed value ) to be considered.
Please clarify .
VEERABUDRAN
31 January 2021
Sale deed value of 9lacs to be considered.
31 January 2021
You have to considered 9 lakh as cost of acquisition
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
- CAPITAL GAIN REDEVELOPED FLAT
- CLOSING STOCK QUERY
- Multiple payment of self assessment tax for A Y 2025-2026
- REGARDING ITR FILING QUESTION
- Requirement under FEMA &RBI
- ITC BENEFIT ON BROKRAGE PAID
- Short Term Gain Reporting ITR
- Query regarding reporting of exempt foreign remuneration in ITR
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- Error in uploading Form 10BD
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
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
