Calculation of capital gain on sale of house property

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 April 2016 Dear Sir,

If house property is purchase for Rs. 400000/- (Agreement Value)

Goverment Value and Stamp duty Paid on Rs. 500000/

Stamp duty Paid Rs. 24000/- (Assumed)

Registration Charges Rs. 5000/-(Assumed)

Please tell me at the time of Sale of property while calculating the Capital Gain which Purchase amount will be consider

i.e. Rs. 400000 agreement Value or Rs. 500000 (Goverment Value)

Also tell me whether stamp duty and Registration Charges paid at the time of purhcase can be added in Purchase Value while Calculating the Capital Gain

Thanks in Advance

CA Mehta Ankur N.

CA Mehta Ankur N. (Expert)
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18 April 2016 You have to take 400000.00 as your cost of acq. & Yes you can add 24000 & 5000 in cost of acq (If in the year of purchase you have not already shown in revenue expense)