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Computation of Capital gain n get exemption to pay minimal cap. gain tax

CA Final 246 views 2 replies
Dear Sir/Madam,

Date of purchase of Villa -03.02.2017
Date of Sale of Villa -30.09.2020
Paid via DD dated 29.09.20
Date of Agreement - 31.08.2020
Token RECVD. from buyer on 22.8.20

Sales Consideration @ 59 lakh
Cost of Acquisition @ 4195881/-

Seller wants to buy another residential house/land with this money. How he can save more n more Cap gain tax.
Also compute the Cap gain tax.

thanks
regards
Shyam singh
Replies (2)
Sales Consideration......59,00,000
Less : Cost of Acquisition.......46,43,236 (4195881/272*301)
So, Capital Gain = 12,56,764
Can he opt for Capital gain account scheme


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