SALE PRICE =11,00,000
LESS:COST OF AQUISITION =913800*785/711 =1008907
SHORT TERMCAPITAL GAIN =11,00,000-1008907
=91093
IF EXPENSES ANY FOR THE PURPOSE OF SALE CAN BE DEDUCTED FROM IT.
U CANNT AVAIL 54 DEDUCTIONS AS IT IS SHORT TERM CAPITAL ASSET
CORRECT ME IF I AM WRONG
THANK U
I dont think indexation should be done as this is STCG
Rs. 11,00,000 - Rs. 913,800 = Rs. 186,200
Capital gain = Rs. Rs. 186,200
Capital gain tax = Rs. 28,768/- (Rs. 186,200 x 15.45%)
| Originally posted by : Mihir | ||
 |
Rs. 11,00,000 - Rs. 913,800 = Rs. 186,200 Capital gain = Rs. Rs. 186,200 Capital gain tax = Rs. 28,768/- (Rs. 186,200 x 15.45%) |
 |
agree
no indexation would be done
CAclubindia
