Long term capital gain on propperty
This query is : Resolved
26 June 2018
Sir
My client has sold property for Rs.60,00,000/- in June 18 and the indexation cost is Rs12,00,000/- and the capital gain is 48,00,000/-. And he purchased the property in lieu of it in March18 for Rs.46,00,000/- excluding stamp duty of Rs.2,76,000/-.
My question is here that whether he has to deposit the balance amt of Rs.2,00,000/- in capital gain bonds or the purchase price for him will be Rs.48,76,000/-.
Pl guide .
Regards
Sanjay
My client has sold property for Rs.60,00,000/- in June 18 and the indexation cost is Rs12,00,000/- and the capital gain is 48,00,000/-. And he purchased the property in lieu of it in March18 for Rs.46,00,000/- excluding stamp duty of Rs.2,76,000/-.
My question is here that whether he has to deposit the balance amt of Rs.2,00,000/- in capital gain bonds or the purchase price for him will be Rs.48,76,000/-.
Pl guide .
Regards
Sanjay
Ketan Samdani
(Expert)
26 June 2018
Cost of purchase of house property will include stamp duty and registration charges and all other incidental charges related to acquisition of house property.
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