Long Term capital gain
This query is : Open
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Building and other construction workers welfare cess act 1996
- Eway bill for machinery reparing
- Bank Accounts in Balance Sheet for ITR 3
- Gift of mutual fund units to daughter
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Form 10BD Filling
- Pan Card apply for Self help group
- Reporting of STCG on Property in ITR
- Error while filling exam form November 2026
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
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
