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 :
- TDS on Property Purchase Paid
- Cash Purchase Above ₹10,000, ITR/40A(3) Trea
- TDS on dividend to non resident shareholders
- Best CA Inter classes in Laxmi Nagar for Group 1?
- Gst refund
- Compliance under Society Act 1860
- Hi experts need help
- How to object stamp duty value if property is sold
- Residential House property and it's loan can shown
- Income Tax Department Website Error While Importin
Related Topics :
CAclubindia
