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Capital gain
one client have sold proprty fr 6350000 tds being deductd at 1% while purchse cost of flat is 2346420 n there is no invstmnt u/s 54 so full long term capital gain is taxable ? at 20%?
Replies (2)
Yes, net gain is taxable at 20%. Further,
- you can claim indexation benefit for cost of acquisition
- expenses on transfer can be deducted
- cost of purchase can also include registration charges, interest etc
Cost of flat already is including of regstrtn charges and stmp duty
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