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Capital gain tax on profit on sale of land

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 August 2012 DEAR SIR,

1 HAD PURCHASE A LAND AMOUNTNG TO RS.38,25,000.00 ON 20.01.2009, & SOLD THE ABOVE FOR RS. 1,14,04,437.00 ON 17.02.2012 & GET PROFIT OF RS. 75,79,437.00

TELL ME WHAT WILL BE MY CAPITAL GAIN TAX

THANKS & REGARDS
SUMIT
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CA Sreenivasa Rao Munaga

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CA Sreenivasa Rao Munaga (Expert)
26 August 2012 Your Capital Gain is Rs.6245288/-(3825000*785)/582. Long Term Capital Gains will be taxed @ 20%

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