i bought a plot of land in 1998 for Rs.2 lakh(approx), and built a home over it in 2001 for Rs.3.65 lakh.
what amount of tax i am supposed to pay if i sell this home today for Rs. 40 lakh???
how can i calculate this?
Menu
LTCG on property sale
Replies (1)
Get valuation certificate of the house property from registered valuer as on 2001-02, based on that LTCG can be calculated.
Recent Topics :
- 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
- Loan & Joining bonus to new employees Chief Ma
- Income Tax NUDGE Notice – Gift of Shares fro
- Is DIR-3KYC Needed
- Looking for a study buddy intermediately Jan 2027
- How to correct a NIL GST return filed by mistake w
- Is it legally permissible not to report F&O lo
Related Topics :
CAclubindia
