sale of old house
This query is : Resolved
24 May 2011
i have 40 years old house . i wish to sale it .value of this house is 25lakh .index cost of house is 2.5 lakh
i want to construct new house from the amount of old house.cost of construct 15 lakh.
How much income tax i have to pay?
i want to construct new house from the amount of old house.cost of construct 15 lakh.
How much income tax i have to pay?
24 May 2011
deduct indexed cost of acquisition from 25 lacs, then calculate.
24 May 2011
u have not shared the cost of acquisition of house
pl tell then a correct replyu can be given
CA MANOJ GUPTA
JODHPUR
09828510543
pl tell then a correct replyu can be given
CA MANOJ GUPTA
JODHPUR
09828510543
24 May 2011
index cost of old house is 2.5 lakh
22 July 2025
https://docs.google.com/document/d/1KopZ8F--yh2YM2xlVA_0wdC49n_IUzd52pRTShmHFDQ/edit?usp=sharing
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
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- ASMT-10 received from A O
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- IT returns for fresh job holders
- ITR-Capital Gain
- Reporting in TDS return
- Traces submitting correction statement error
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
