Capital gain on sale of house property

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Sai Satish

Final

128 Points Joined February 2014

Can Any One Help Me Out With This :)

I Have Purchased A House Property in 2002

I have sold it in 2017

there was a long term capital gain of Rs.19301801

19301801

	COMPUTATION OF CAPITAL GAINS


	YEAR OF PURCHASE		11.03.2002
	Purchase Value		1300000		2001-2002	426
	Construction cost				2002-2003	447
	2002-2003	900000			2015-16	1081
					2016-17	1125


	YEAR OF SALE		2017
	AMOUNT RECEIVED		25000000

	SALE CONSIDERATION			25000000
LESS	INDEXED COST OF ACQUSITION			3433099
LESS	INDEXED COST OF DEVELOPMENT			2265101


	LONG TERM CAPITAL GAIN			19301801

I have invested this to purchase one 1 house property having value of 1.5crore in the name of me and my wife ,and the amount of sum from remaining amounted to 50lacs were deposited u/s 50EC NHAI Bonds As Per The Scheame Concerned And With The Aforesaid Information Kindly Please Provide The Solution

Awaiting To Hear From You....

Please Provide IT As Soon As Possible.(ASAP)

Please Provide Your Views On The Following Situation And Whether Can Be Made In The Legal Way.......

Replies (7)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

196554 Points Joined July 2016

Perfectly planned as upto March 2017, unless any changes incorporated in Budget for AY 2018-19.

Hope you have some documents/bills for cost of construction.

CA Neha Agrawal

830 Points Joined June 2008

Remember the bond have a lock in period of 3 years. And interest income on the bond is chargeable to tax as income from Income from Other Sources.

Prashant Sharma

389 Points Joined May 2014

Nil

Only you need document like Title deed of property as you explain that you have purchased it and proof of investment made in NHAI for safer side.