Plz help....
unkonwn (ca final) (130 Points)
18 May 2012unkonwn (ca final) (130 Points)
18 May 2012
Pucca Idiott
(wannabe...)
(148 Points)
Replied 18 May 2012
Sale consideration 14,00,000
- Indexed cost of acquisition 17000*785/140 ( 95,321) (ignore FV)
(as it is LTCA ,holding period > 3yrs)
- Stamp duty paid (as expenditure on trf) (1,110)
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LTCG taxable @ 20% 13,03,569
now assuming she only has LTCG in her GTTI ,the above will be taxable as per slab rates
0-250000 nil
250001- 500000 10%
500001-800000 20%
above 30%
she will not get deductions under CHP VI A
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