Capital gain

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gopalsaran (Querist)
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13 April 2014 sir i purchased aproperty in 2008 for rs 3 lacs and sold it in 2013 for rs 9 lacs so what is my capital gain also i invest 4 lacs in REC BONDS in one month of sale of my property so kindly advice how much tax libeleties of tax to pay gopal

Harsha goyal

Harsha goyal (Expert)
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13 April 2014 Specify the month of purchase and sale as the capital gain will be calculated accordingly.

gopalsaran

gopalsaran (Querist)
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13 April 2014 purchase 20th july 2008 and sell 16 thapril 2013

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Harsha goyal

Harsha goyal (Expert)
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15 April 2014 Sale Value = 900000
(-) Indexed COA = 484021
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Capital gain = 415979
(-)Exemption = 400000
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capital gain = 15979.

Tax liability= 15979 * 20% = 3292.

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