Capital gains...sale agreement or registered sale deed

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Ramesh (Querist)
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26 February 2012 Hi,
For calculation of Capital Gains what is considered; Sale Agreement or registered Sale deed?
In case the amount of the Sale Agreement (actual sale consideration) is higher than registered Sale deed (As per govt valuations) and registered Sale deed being used to calculate the capital gains tax, how is the remaining amount to be accounted?

CA. RAVIKUMAR

CA. RAVIKUMAR (Expert)
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26 February 2012 You are liable to pay capital gain Tax on Actual sale consideration when govt valuation(Stamp duty value) is less the Actual.

for calculating capital gain Consider the Cost of acquisition( Indexed) and Cost of improvement

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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04 April 2012 You should calculate the capital gains by taking the higher valuation whether it is as per sale deed or as per valuation fixed by the government

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