Long term capital gains


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
17 August 2018 i had purchased a office on 6.12.1995 for 3.50.000/- and sold on 21.5.2010 for 20.00.000/- pls guide what will be my long term capital gains since amount was not reinvested or put in bond etc. what will be my tax payable and how the calculation is to be done pls help thanks

18 August 2018 first you need to get it valued as at 1 April 2002. Once the valuation is received, you need to use cost inflation index to arrive at indexed cost. The difference between the indexed cost and sale consideration is your capital gain

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
18 August 2018 thank you so much-pls further guide how valuation is obtained as on 1.4.2002 and after the long term capital gain arrived what is rate of tax payable if indexation or non indexation method is applied pls guide thanks

03 August 2024 https://docs.google.com/document/d/1EBRKlGApNdWQilobEKUGu3CQFxMy0p-bnn1CQGeynOc/edit?usp=sharing


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details