banner_ad

capital gain query

Tax queries 666 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


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details