Plz solve it... very important

481 views 2 replies

 

pl find below the details of Smt. Phadke who’s
capital gain tax is to be calculated. Pl. note that she is senior citizen of age 71.
 
                                        Purchase                        Sale
 
Date                                05/06/1986                03/02/2012
 
Agreement Value            17000/-                        1400000/-
(Mkt.Value as                111000/-
mentioned in agmnt. )                
 
Stamp Duty paid             1110/-   
 
Pl. guide about the tax liability and arrange for necessary procedure and inform accordingly.
Regards
Replies (2)

cost will be 111000 before index

cg= 14 lakh - (111000*index of 11-12/index of 86-87)

agree with above asn


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