Capital gain caluculation for sale of flat.

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ACCOUNTANT
111 Points Posted on 05 September 2022
Hi I have purchased a flat from a housing society on 14.03.2019. I have sold that flat recently , my question is in case of capital gain calculation what should I consider set forth value of purchase or market value of purchase? pls advice.
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On 05 September 2022 at 14:18 Report
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Quick Summary
When calculating capital gains tax on the sale of a flat, a key question arises regarding the purchase price. Should you use the actual price paid when you bought the property, or its market value at the time of purchase? This discussion aims to clarify which figure is relevant for accurate capital gains tax calculations.

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SEO Sai Gr. Hosp.
212450 Points Posted on 05 September 2022

In general,  Price paid while purchasing the flat...............

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On 05 September 2022 at 15:30
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Dual Qualified Lawyer/ Solicitor Intern
1110 Points Posted on 05 September 2022

The one reflected in sale deed. 

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On 05 September 2022 at 15:57

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