31 August 2013
For the purchase of House through noida authority application money was deposited on 27th feb 2001 amounting 200000. On 19th juky 2001 allotment money was deposited amounting to 345000 and Rs. 1327966 was deposited against the estimated final price of the house. On 27th feb 2003, amount of Rs. 145000 was paid for stamp duty and for hire purchase tendency agreement. Amount of Rs. 70176 was refunded by noida authority on 16th april 2009 for the excess payment made. Final registration was made on 16th july 2012 for which cost amounted to be Rs. 17680.
The property was sold on september 2012. for Rs. 7300000
Query: How to compute Indexed cost of acuisition and capital gain.
CAclubindia
