Easy Office
LCI Learning

Capital gain

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
18 September 2012 i have a ricco undeveloped land. purchase in june 2004 in 1.5 lakhs. i sold it in august 2012 in 9 lacs. what amount capital gain taxable, capital gain calculation. and how get exemption from this capital gain
Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
18 September 2012 The inflation index for 2012-13 is not yet published. Assuming it to be 825.... Indexed cost of acquisition is 257000 (rounded off), long term capital gain is 900,000 - 257000 = 643,000. You may take the benefit of 54F or 54EC
Profile Image

Pankaj Gupta

Profile Image

Pankaj Gupta (Expert)
18 September 2012 Cost inflation index for fy 12-13 has been notified. It is 852.
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links