banner_ad

Capital gain benefit for sale of old house

Others 287 views 1 replies

Purchased house in 2001-02 rate 2,04,000 + registration Fees Rs 14000

Expansion and addition to old house in 2003-04 5,00,000 ( five laks ) 

Total Acquisition  cost Rs 7,18,000 

proposed sale cost is December 2022  Rs 62,00,000 

How much Capital Gain Tax will be applicable? and what document will be required for expansion and additions made to  old house

Replies (1)

There will be LTCG of around 39,60,000/- after indexation.

For exemption the said amount can be invested in Capital Gains Bond, u/s. 54EC, or a house property u/s. 54 of IT act..
 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details