11 May 2023
Respected sir Could you please ascertain LTCG in the following case land purchased in 2006 (6.50 ares )--Rs.300,000 sold 2.23 ares in 2012 --Rs.600,000( for constructing house(partial)at a cost of Rs.14 lakhs Renovated the house in 2018-19 at a cost of Rs.30 lacs Sold the house property in 23-24 for Rs.75 lakhs Brokerage--Rs. 2 lakhs Please also inform how to save LTCG Thanks in advance
CAclubindia
