Capital gain
This query is : Resolved
28 February 2018
Hello Experts
My client is selling the property and he will purchase the new one within time period.
The purchase price as on 01.04.2001 was Rs.17 lac and the indexed cost comes around 46 lac. Now i am confused which price i should take for calculating capital gain. The sale price is approx Rs45 lac.
Pl guide me , can we claim loss and take cost after indexation or before indexation .
Regards
My client is selling the property and he will purchase the new one within time period.
The purchase price as on 01.04.2001 was Rs.17 lac and the indexed cost comes around 46 lac. Now i am confused which price i should take for calculating capital gain. The sale price is approx Rs45 lac.
Pl guide me , can we claim loss and take cost after indexation or before indexation .
Regards
28 February 2018
Claim loss take cost after indexation.
Message likes :
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28 February 2018
Sir
Pl also guide where to show loss in the return. We have to claim exemption u/s 54.
Pl also guide where to show loss in the return. We have to claim exemption u/s 54.
28 February 2018
The loss can be carried forward. As there's no capital gains no need to claim 54 exemption.
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