Capital Gain tax amount on Land Sale

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NA
21 Points Posted on 10 October 2023

Land Purchase Date : May 2012

Land  Purchase Price : 3.34 Lakhs , Registration Paid around on 3.34 Lks

Land Sellng Date : Oct 2023

Land Selling Price : 32Lakhs

What will be the  capital gaiin tax will be  calculated with indexation .

How much it will come as capital gain where we have to pay the tax.

 

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On 10 October 2023 at 13:17 Report
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Quick Summary
This discussion explores the calculation of Capital Gains Tax (CGT) on the sale of land. It details the purchase date and price, selling date and price, and how indexation affects the taxable gain. The user is seeking to understand the exact CGT amount, including potential cess, and how to claim exemptions, possibly by investing in NHAI bonds under section 54F.

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ACCOUNTS MANAGER
1041 Points Posted on 10 October 2023

 

It may be around 5,25,000 to 5,50,000 with cess as LTCG apply for your property .

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On 10 October 2023 at 13:44
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Profession
19978 Points Posted on 11 October 2023
Urban or rural limits
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On 11 October 2023 at 09:07
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CA ipcc
315 Points Posted on 12 October 2023
Ltcg should be rs 295000 invest in nhai bonds with 6 months to claim exemption under 54f
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On 12 October 2023 at 19:47
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Profession
19978 Points Posted on 12 October 2023
Capital gain tax amount on tax sale.
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On 12 October 2023 at 21:44

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