I purchased a house in March 2005 for Rs. 475000. (Rs. 70000 extra towards stamp paper for registration) I invested Rs. 250000 for its repairs in 2007-2008. I sold it for Rs. 1500000 in Jan. 2010.
How much capital gain I have to pay. Am I required to show some document to prove cost of repair. I have taken no loan for repair. Can I save if I purchase some capital gain bonds.
Dear Karunesh,
In which year u had incurred expenses on repairs (plz tell me interms of Financial Year like- 2006-07)
definitely yes.... 54 EC.....
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
RMA And Associates LLP
New Delhi
CA Inter
View Details
AJAY SINGH AND CO LLP
Thane
CA Final
View Details
Abic and Mani Chartered Accountants
Kottayam
B.Com
View Details
CCI
Pro
CAclubindia
