Menu
Capital Gains Calculation
Hello everyone. I had Purchased a property on 25.03.1991 for ₹.6,615.00 and sold the same on 06.02.2019 ₹.5,95,350.00. Now I want to know how much will be Long Term Capital Gains on this?
Replies (2)
you can take fair market value of 2001 if it is greater then purchase value.
I am assuming that purchase value and fair market is same for the calculation:-
cost after indexation :- 6615*280/100= 18522
capital gain ( sale - indexed cost) (595350-18522)=576828.
I am assuming that purchase value and fair market is same for the calculation:-
cost after indexation :- 6615*280/100= 18522
capital gain ( sale - indexed cost) (595350-18522)=576828.
simplest way to know fair market value as on 01-04-2001 is via Circle Rate on 01-04-2001 you can ask the same to your document writer who wrote your sale deed on 06-02-19
Recent Topics :
- Discrepancy in Auto populated figures in GSTR1 of
- What should I do after receiving a GST Show Cause
- Discuss and Download CA Inter Question Paper Septe
- Hi experts needed some help
- Gift of Immovable Property u/s 92 of Income Tax Ac
- NSE BSE Pre-open session changes from 7 September
- Financial statements for non corporate entities
- Hi experts need some help
- Is SAP FICO a good career option for finance and a
- Direct Cost booking
Related Topics :
CAclubindia
