Propterty Tax
This query is : Resolved
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
Message likes :
1 times
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
Message likes :
1 times
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Multiple trade mark
- Copyright software
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- Form 121 & TDS deduction
- ITR U for F.Y-2024-2025 From Yesterday
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
