I bought a residential plot in 2012 for 12 lakh & want to sell it now for 30 lakh and plans to reinvest full gain amt to another residential plot worth 30 lakhs. Is capital gain tax applicable here and if so how much...
Menu
Is ltcg tax applicable if reinvested in a residential plot
Replies (1)
capital gain tax applicable to you
Cost of new plot 30 lakhs minus indexed value old plot will be your LTCG
Cost of new plot 30 lakhs minus indexed value old plot will be your LTCG
Recent Topics :
- Does Parag gupta's booster batch good for CA Inter
- Police Bandobost and GST Invoice
- Understanding where manual effort goes in audit wo
- Scanned purchase bills to Tally XML with GST check
- TDS applicability of foreign remittance to Oracle
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
Related Topics :
CAclubindia
