long term capital gain tax
This query is : Resolved
05 October 2009
hi
my uncle had purchased flat in 1984 for 150000 and now sold it for 11 lakh now what is index value and if tax is payable how to save it by purchasing or investing in some infra bond
thanks
my uncle had purchased flat in 1984 for 150000 and now sold it for 11 lakh now what is index value and if tax is payable how to save it by purchasing or investing in some infra bond
thanks
05 October 2009
Indexed cost is 1,50,000 x 632/116 = 8,17,241/-
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