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Propterty Tax

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06 June 2020 Sir

I would like to sell my property. please let me know the amount of Tax i need to pay on sale of property.
these are my property details:-

Date of purchase 2nd July 2010
purchase price : Rs.34,00,000
selling price:- Rs.71,00,000
Thanks in advance.


07 June 2020 CAPITAL GAIN LIABILITY WILL BE LEVIED NOT PROPERTY TAX

07 June 2020 Capital gains 12,16,167.
Tax payable @ 20%. 243234.




08 June 2020 Thank sir for your reply. please also let me know how we can calculate capital gains amount Rs.12,16,167.
and also let me know when the tax on this amount will be due.

08 June 2020 The calculation is as follows:
3400000*269/167=5883833
7100000-5883833=1216167
When the property is sold.

09 June 2020 Thank u sir, the property will be sold this month.

09 June 2020 Welcome.................



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