I have purchased land in 1990 for 30000 7 Construct house for 300000 on 1990
Again i make improvement to house on 1995 for 500000. Suggest me What is capital Gain
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Capital gain
Replies (3)
No capital gain till you sell or transfer any of the unit or as a whole.
first you have to find out the value of property in 2001 for indexation , from registered. valuer for calculation of capital. gain tax , if you are selling. your property this year .
first u find value as on 1-4-2001 of your property than do procedure of capital gain properly if u sale this property in p. y.
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