Capital gain calculation on house property
This query is : Resolved
04 September 2012
We acquired the shares of a G/H Society in 1998. Since then, we were regularly paying the installments towards the cost of the Flat. The allotment of flat was made in 2010-11 & the same flat was sold in 2011-12. Now, pls clarify followings;
1. how should we calculate the Capital Gains?
2. Indexation cost will be calculated on Payment basis?
3. Is it a STCG or LTCG as allotment was done only in 2010-11 & flat sold on 2011-12?
An early response is highly appreciated. Thanks
1. how should we calculate the Capital Gains?
2. Indexation cost will be calculated on Payment basis?
3. Is it a STCG or LTCG as allotment was done only in 2010-11 & flat sold on 2011-12?
An early response is highly appreciated. Thanks
04 September 2012
Can You Provide Numerical Figure, Share Acquired Amount, & Installments Amount ?
Can You Provide Numerical Figure, Share Acquired Amount, & Installments Amount ?
04 September 2012
We purchased Rs.100 shares in 1998. We paid many amount between 1998 & 2010-11. Total approx Rs.35 lac. Allotment was in 2010-11 & the same was sold for Rs.50 lac in 2011-12. Can we bifurcate in two parts? One is sale of right to own a HP & other is HP itself?
04 September 2012
In This Case Shares is Not to Be Treated as Capital Asset, Capital Asset Will Be HP Only.
This Will Be Treated as Per My Perception is Long Term Capital Gain.
& Accordingly Indexation Apply.
Other Views are Solicited.
This Will Be Treated as Per My Perception is Long Term Capital Gain.
& Accordingly Indexation Apply.
Other Views are Solicited.
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