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Capital Gain Tax Rate

Others 227 views 2 replies
Dear experts please solve my query
one plot purchase on 25/4/2006 for Rs 46884 and sale the same plot on 15/12/2018 for Rs 368800
1. How calculate the capital gain
2 Tax rate on capital gain
3 she is govt teacher and according to form 16. TDs refundable Rs 8250
can I adjust the capital gain tax to TDs or Deposit the tax
please solve above query thanks
Replies (2)
Mr vinod
1.& 2. calcualtion of capital gain and tax is as follows
sale 368800
less:-
indexation cost of acquisition 46884*290/122 = 111445
long term capital gain 257355
tax on capital gain @ 20 % + 4% cess = 53530
3. you can adjust upto refundable amount, extra you have to pay

however this tax can be reduced by applying some tax planning
for further help contact @ 8574428910
In the above, there is a mistake. put 280 instead of 290


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