30 June 2020
Sir I have a property at Lakdikapul Hyderabad. I want to know how much capital gain tax is applicable on this property. these are the details. kindly update me
Date of Purchase 22nd November, 1999 purchase price: Rs.2,60,000 sale price : 22,00,000 planning to sell in a week. Thank you,
01 July 2020
calculate fmv as on 1.4.2001 and apply indexation on the property fmv*301/100= cost of property sale-cost of property is the profit and liable to capital gain
03 July 2020
Sir, i got the valuation certificate.. as per that, present Government value it is Rs.21,08,000. now can please calculate and let me know..the capital gain and Tax..Thank so much for your help
04 July 2020
WHAT IS THE VALUE AS ON 1.04.2001? AS YOU HOLD THE ASSET FOR MORE THAN A PERIOD 36 MONTHS, I SUGGEST YOU TO TAKE VALUATION CERTIFICATE AS ON 1.4.2001 AND THEN I WILL CLEARLY TELL YOU THE AMOUNT OF CAPITAL GAIN TAX LIABILITY
10 July 2020
sir, i got the valuation certificate as on 24th July 1999. its Rs.1000 per SFT . so the cost will be Rs.12,40,000 basing on this can you plz let me know the amount of capital gain tax liability. Thanks
CAclubindia
