Capital gain calculation

Commercial Property – shop

Mr.A has entered into agreement to purchase a shop for Rs. 20,00,000/- (Stamp Duty value was rs 24,00,000/-) which is under construction from a builder.

The agreement was done on Non-judicial Paper on 19/12/2011

Payment through Bank were as below

   2,00,000.00  (2010-11).  23/09/2010

   4,00,000.00  (2011-12).  19/12/2011

   4,00,000.00  (2012-13).  16/06/2012

   4,00,000.00  (2012-13).  15/10/2012

   4,00,000.00  (2012-13).  17/12/2012

   2,00,000.00  (2013-14).  04/06/2013

Total = 20,00,000/-

      13,180.00    Registry Fees.  16/04/2014

      61,300.00    Stamp Duty.      16/04/2014

Total Cost is Rs = 20,74,480/-

19/12/2011   Agreementdate 

03/08/2013   PossessionLetter

16/04/2014   saledeed / registration 

This property is been sold for the

Sale consideration on suppose today’s i.e 30/06/2018 for rs 30,00,000/- (Stamp duty value is also 30 lakh)

We need to calculate capital gain

CII 

2010-11.  167

2011-12.   184

2013-14    200

2014-15.   220

2018-19.  280

Regards

Naman Jain