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LTCG?
I have bought a opan land in the year of 2005 which was valued 75000 rs and now i want to sell it in the year of 2018 as price of Rs 600000 rs than what is LTCG in the assessment year of 2018-19????
Replies (6)
Long Term Capital Gain with Indication
assuming that it is not an agricultural land and land aquired in FY 2005-06,
long term cap gain shall be 425641/-
long term cap gain shall be 425641/-
Plz explain the above value of land
If you purchased the open land before or on 31.03.2005 in that case your capital gain will be Rs. 4,19,470 and if you bought after 31.03.2005 then capital gain will be Rs. 4,25,640 for A. Y. 2018-19
Yes it is land (plot) and what is the way to avoide LTCG in selling process??
Yes it is not agricultural land it is opan plot in future house construction will take place!!!!! And How sir LTCG can be Calculate?????? And what is tax rate on the LTCG???
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