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
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.
CAclubindia
