Long term capital gain
This query is : Resolved
mangesh dhumal
(Querist)
08 November 2011
My friend purchased a commercial property in April,2002 for Rs.36 lacs. Now he has sold his property for 2.25 crore in Oct,2011. How much capital gain is there and how can he save the tax on it ?
CA sheekhr
(Expert)
09 November 2011
long term gain amts to 16177853 ignoring coi and for tax saving purpose u have to be more specific and tell me which comm.property
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