Capital gain from property

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73 Points Posted on 10 December 2020
sir/madam I purchased flat in 2010 Feb for Rs 900000 and sold now in Dec 2020 for 2770000. , Commission paid to broker at 2 % Rs 55400 Imrovement ie flooring and tiling work done in 2013 oct. =115000. please calculate my my capital gain .Also i donot want to buy another flat .what should i do to save income tax i.e capital gain tax .and howmuch capital gain i will have to deposit to save tax. Please advise thanks and REGARDS.
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On 10 December 2020 at 12:57 Report
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This discussion concerns calculating capital gains tax on a property sold after a decade. The user purchased a flat in 2010 and sold it in 2020, incurring brokerage fees and improvement costs. They are seeking advice on calculating the exact capital gain and exploring options to save on income tax, specifically capital gains tax, as they are a 75-year-old senior citizen and do not plan to purchase another property.

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1392 Points Posted on 10 December 2020
Ltcg approx 10lkh pay tax accordingly
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On 10 December 2020 at 13:47
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73 Points Posted on 10 December 2020
Please calculate for me sir as i am 75 yrs senior citizens
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On 10 December 2020 at 20:44

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