Long term capital gain tax
This query is : Resolved
19 July 2013
Hi,
My father was alloted a HUDA plot in December 1999. After paying all installments he got the conveyance deed in his name with a price of rs.519203.00 (stamp duty costing rs. 36350.00)..
On June 2013 he sold the same plot with a sale consideration of rs.3885000.00.
Please let me know the tax implication.
My father was alloted a HUDA plot in December 1999. After paying all installments he got the conveyance deed in his name with a price of rs.519203.00 (stamp duty costing rs. 36350.00)..
On June 2013 he sold the same plot with a sale consideration of rs.3885000.00.
Please let me know the tax implication.
19 July 2013
your father needs to pay capital gain tax.
20 July 2013
Thanks Tushar. I would like to know the net amount of long term capital gain Tax payable. My father is a Retired Central Govt. employee and Aged about 69 yrs. Also if possible kindly mail me the long term / short term Capital gain calculator. My email id- jitender.smehra@gmail.com
03 August 2024
https://docs.google.com/document/d/1zlQpfWNGMnAgWKpd28C7ouWO6E9NH0eIKaMXdN_1Sz4/edit?usp=sharing
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