banner_ad

Capital gain

227 views 4 replies
MY UNCLE MR. S R SINHA PURCHASE A FLAT BY RS. 1838600/- ON 25.05.2005 AND SOLD THAT FLAT ON 10.05.2017 BY RS. 5000000/-, WHERE REGISTERED PRICE AS PER MUNICIPAL CORPORATION ON THE DATE OF SALE WAS RS. 7000000/-. KINDLY HELP ME HOW TO COMPUTE TAX
Replies (4)

What was the price of the flat as per stamp duty valuation...... or guidance value w.r.t. sub-registrar office?

If you mean to say Rs. 70 lakhs was its guidance value........

Based on indexed cost of flat comes to 272/117*18,38,600  = 42,74,350/-

Hence capital gain would be 27,25,650/- [less any expenditures related to sale].

THANK YOU SIR

THANK YOU SIR


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details