my father had purchased a flat in 1988 for Rs 2 lacs,
now he has sold it in 65 lacs in 2019.
please tell me what is the capital gains on this sales and how to calculate cost inflation value of the flat
Menu
Cost inflation calculation of flat
Replies (1)
Get market value of the property from registered valuer as on 01.04.2001.
Say, its 5 lakhs.
So Indexed cost of acquisition as on Jan 2019 is 280*500000 /100 i.e. 14 lakhs.
& so LTCG would be 51 lakhs.
Recent Topics :
- CAPITAL GAIN REG
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
- 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
Related Topics :
CAclubindia
