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Querist : Anonymous

Querist : Anonymous (Querist)

28 February 2013 Dear Sir , Pl z suggest capital gain computation on the following; A Individual Purchase the Residential house property On July, 2006 amounting to Rs.40 Lakhs and same property sells by him on may, 12 amounting to Rs. 1.25 Cr. AND on Sep.12 he purchased another house property by Rs. 63 lakhs and same property sold in October , 12 by amounting to Rs. 75 Lakhs and again he purchased another House property on April-13 amounting to Rs. 1 Cr. PLz suggest abt capital gain calculation.

Thanx

CA PARAS BAFNA

CA PARAS BAFNA (Expert)

28 February 2013 .
In May 2012 he is having Long Term Capital Gain and for other transfers we may wait till 31.07.2013, so as he can do 3 to 4 more transactions. Advise him not to indulge in such frequent transactions. The department has got Unique Computational Methods, which may create a big trouble for him
.

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