Dear Sir,
My name is Shariq Zafar. I am from Kanpur. I am a business man & my query is as follows;
I have purchased a property in Nov-2003 in joint name. my share was 40% which cost Rs. 1896012.00 & the same I have sold out in Nov-2009 with my share value of Rs. 2201200.00 (Sale consideration) but at that time it's present market value was Rs. 6248880.00 Pls tell me weither It will cover under Capital Gain Tax or Not.
If yes how capital gain tax will be calculated (Pls describe me with illustration)
If there is any chance to save the Capital Gain Tax. (Pls provide me the complete procedure in detail.)
If yes how capital gain tax will be calculated (Pls describe me with illustration)
If there is any chance to save the Capital Gain Tax. (Pls provide me the complete procedure in detail.)
Sir, Pls give me your valuable reply on above by e-mail, I shall be highly obliged.
Thanks.
Best Regards.
Shariq
CAclubindia
