sale of old house

This query is : Resolved

hemanshu chiniwala (Querist)
Follow

05 June 2011 i have sold old house rs.1800000/=dated on 25 th may 2011..This old house is 100 years old & purchase value of this hose is rs.25000/= .now,i want construct my other house worth rs.2000000/= from this amount after one year. index value is 300000 as per 01-04-1981.whether i have to file income tax return or not.

how much income tax i have to pay?

how to save my income tax?

CA MANOJ GUPTA

CA MANOJ GUPTA (Expert)
Follow

05 June 2011 PLEASE GET VALUE OF HOUSE AS ON 1-4-1981 THEN ONLY CAP GAIN LIAB CAN BE DETERMINED
U CAN GET THIS VALUE FROM ANY REGD VALUER
EVEN OTHERWISE IF U GET THE NEW HOUSE CONST WITHIN THREE YEARS FROM DATE OF TRANSFER OF OLD HOUSE THEN U NEED NOT PAY ANY TAX (tHIS IS BASED ON FIGURES SUBMITTED BY U)

CA MANOJ GUPTA
JODHPUR
09828510543

hemanshu chiniwala

hemanshu chiniwala (Querist)
Follow

06 June 2011 value of assets is 300000 as 01-04-1981(determind by regd valuer)

hemanshu chiniwala

hemanshu chiniwala (Querist)
Follow

06 June 2011 value of assets is 300000 as 01-04-1981(determind by regd valuer)

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
Follow

22 July 2025 https://docs.google.com/document/d/1Iv3giHBCbawCHLgVuJdPfX-emb6TrkFTWDVkRNeDQUI/edit?usp=sharing

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Vinod Selv

AKCJ INFO

JAYDEEP MITRA

Richa Bajoria

Arun Borad

Subscribe Now

sale of old house

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA