Dear Professional Colleagues,
One of our client had purchased one residential property on 26-11-2012 for Rs.34 Lakhs and the market value of the property on 31-05-2015 is Rs.96 Lakhs and the Government valuation of the property on 31-05-2015 was Rs. 64 Lakhs.
What are the capital gain tax implications if sold before 26-11-2015 and after 26-11-2015, and taxable capital gain and how much amount can we avail exemption under section 54,54EC and 54F ?
CAclubindia
