Capital gain

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 July 2014 Please Help,
i have purchased house in 1989 for Rs. 195000/- and now in 2012 i have constructed for floor's and i sold one in February for Rs. 3800000/- and construction cost of that floor is Rs.1200000/-, what is the calculation of capital gain.?

Nischit Sanghavi

Nischit Sanghavi (Expert)
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25 July 2014 Cost of Construction * Index Cost of sale year/Index cost of construction year

1200000*785(2011-12)/172(1989-90)
= 5476744/-

You sold at lower price, so no capital gain.