My Query is regarding Capital Gain Tax.
I purchased a plot in 1989 at Rs. 6000 which I have document.
Then I build it with 2 rooms, Kitchen, Washroom, Boundary Walls and veranda. It cost me 2 Lakhs on 1992. In 2001, I build One more room, Store room, Stairs ,roof boundary walls and tiles in roof and it cost me 1.5 Lakhs. In 2016, I have sold my House at 14 Lakhs. I have not any document/Bill of constructing the house.
My Questions are:
1. How much I have to pay on this property.
2. As I have no documents/Bills against construction of house. How can it be calculated in account.
CAclubindia
