Capital gain
This query is : Resolved
27 September 2012
If Person have Non Agriculture Land Cost is 41000/- on July'06 & he sell this land on Aug'11 @ 180000/- how much capital gain he has to paid today ?
27 September 2012
calculation of capital gain....
sale price 180000
less:indexed cost (62013)
-------
Long Term Capital Gain 117987
tax on capital gain @ 20% + 3% education cess. ie 24305.
But such tax should have been deposited upto 31st march 2012. Hence interest @ 1% per month is also required to be paid on such tax.
sale price 180000
less:indexed cost (62013)
-------
Long Term Capital Gain 117987
tax on capital gain @ 20% + 3% education cess. ie 24305.
But such tax should have been deposited upto 31st march 2012. Hence interest @ 1% per month is also required to be paid on such tax.
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