Capital gain
This query is : Resolved
13 April 2014
sir i purchased aproperty in 2008 for rs 3 lacs and sold it in 2013 for rs 9 lacs so what is my capital gain also i invest 4 lacs in REC BONDS in one month of sale of my property so kindly advice how much tax libeleties of tax to pay gopal
13 April 2014
Specify the month of purchase and sale as the capital gain will be calculated accordingly.
13 April 2014
purchase 20th july 2008 and sell 16 thapril 2013
15 April 2014
Sale Value = 900000
(-) Indexed COA = 484021
------
Capital gain = 415979
(-)Exemption = 400000
------
capital gain = 15979.
Tax liability= 15979 * 20% = 3292.
(-) Indexed COA = 484021
------
Capital gain = 415979
(-)Exemption = 400000
------
capital gain = 15979.
Tax liability= 15979 * 20% = 3292.
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