Long term capital gain tax

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J S Mehra (Querist)
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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.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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19 July 2013 your father needs to pay capital gain tax.

J S Mehra

J S Mehra (Querist)
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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

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
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03 August 2024 https://docs.google.com/document/d/1zlQpfWNGMnAgWKpd28C7ouWO6E9NH0eIKaMXdN_1Sz4/edit?usp=sharing

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