Regarding the house property
Querist : Anonymous
Their is one case,one person has sold his house property for 21 lacs in 2013.
He has purchased that property in 1999 for Rs.250000 lac.
He have done some renovation work in the house for Rs.75000.
While selling the house he had paid some below expenses.
Brokerage charges Rs.42000
Society charges Rs.10000.
He has not purchased any property till date Will he be liable to pay any property tax.
If so, how can we calculate on the above basis.
Regards,
Chirag
Querist : Anonymous
Querist : Anonymous
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indexed cost of acquisition
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indexed cost of improvement
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LTCG
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indexed cost of acquisition
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indexed cost of improvement
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LTCG
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