capital gain query

682 views 2 replies
Hi!
Please help..
Property purchased in Apr 06  for Rs 1271155.00
Constr. Aug 06 &  Sept 06  for Rs 505822.00
Constr. Mar 08 for Rs 250000.00
Constr. Mar 10  for Rs 224500.00
 
What will be the CG if it is sold in 25Lakhs and if in 30Lakhs or above in jun11?
Replies (2)

there would be long term capital loss

A. If Sale Consideration is Rs. 2500000

Sale Consideration = 2500000

COA = 1271155*711/519 = 1741409 

COI = 505822*711/519 + 250000*711/551 + 224500*711/632

        = 692947 + 322595 + 252562 = 1268104

Capital Gain/(Loss) = (509513) = Long Term (because period of holding is more than 36 months)

 

B. If sale consideration is Rs. 3000000

Sale Consideration = 3000000

COA (same as above) = 1741409

COI (same as above) = 1268104

Capital Gain/(Loss) = (9513) = Long Term Capital Loss

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 16 July 2026
Semi Qualified Company Secretary

Vakilsearch.com

Chennai

CS

View Details
Company
ARTICLESHIP 16 July 2026
CA Article

Pipara & Co. LLP.

Mumbai

CA Inter

View Details
Company
20 July 2026
Senior GST Executive

Chandak Agarwal & Co

Mumbai

Graduate (Any)

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details
Company
11 July 2026
CA semi qualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
06 July 2026
Chartered Accountant (Indirect Taxation)

Gowra Ventures Pvt Ltd

Hyderabad

CA

View Details
Company
ARTICLESHIP 30 June 2026
2 posts Article assistant and Articleship completed students

Chirag N Shah & Associates

Mumbai

CA Inter

View Details