I have purchased 2BHK flat on 12-2-2002 at Rs. 4,00,000/- and sold the said flat on 1-7-2015 at Rs. 15,00,000/-. My question is that whether long term capital gain tax applicable? if so then Kindly explain with working. Further, to save tax on long term capital gain if I will open account capital gain account with bank then how much amount I have to deposit?
I have alreay asked question yesterday, but some of the importan details I forgot to mentioned hence, aksing this question once again.
CAclubindia
