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sale of old house

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(Querist)
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?
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CA MANOJ GUPTA

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CA MANOJ GUPTA (Expert)
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
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hemanshu chiniwala

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

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hemanshu chiniwala (Querist)
06 June 2011 value of assets is 300000 as 01-04-1981(determind by regd valuer)
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Aashok Kumar Sharma online

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Aashok Kumar Sharma online (Expert)
22 July 2025 https://docs.google.com/document/d/1Iv3giHBCbawCHLgVuJdPfX-emb6TrkFTWDVkRNeDQUI/edit?usp=sharing
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