Propterty Tax
This query is : Resolved
Quick Summary
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,
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
fmv*301/100= cost of property
sale-cost of property is the profit and liable to capital gain
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02 July 2020
please let me know how to calculate fmv. can you help me out . property is at lakdikapul express Apartments
03 July 2020
you can take valuation certificate from local valuation officer or you can take such valuation from local municipality
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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
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
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
basing on this can you plz let me know the amount of capital gain tax liability. Thanks
28 July 2020
Sir please reply to my previous query regarding amount of capital gain tax
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