Capital gain
This query is : Resolved
09 October 2020
Hi I have purchased a flat in Feb 2019 for 31lacs paid stamp duty & registration fee Rs 2.43 and sold the same flat in April 2019 for 64 lacs. Please help me in calculating the capital gain
10 October 2020
It's short term Capital Gain
Sale Consideration...........64 Lakhs
Less : Cost of Purchase....31 Lakhs
Less : Stamp duty ect.......2.43 lakhs
Capital Gain,...................30.57 lakhs
10 October 2020
Thanks and tax will be 30%?
10 October 2020
tax as per your slab rate
16 October 2020
Hi. I want to know what would be the calculation if Flat booked in 2010 and was under construction and registry done in 2019. How we treat this equation?
31 October 2021
If proper documentation of right in property envisaged, it will be long term holding.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
