Capital gain

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padam singhvi (Querist)
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19 July 2010 Property purchase on 24/10/08 and sold 19/3/10, Purchase value-22,20,000/-Stamp duty-133,220/-registration fee-23,520/-
sale value-30,00,000/- stamp duty-1,50,000/- registration fee-30,540/- . i want to know how much capital gain i have faced,

mohinder kansal

mohinder kansal (Expert)
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19 July 2010 cost of acquisition will be purchase price 2220000 plus stamp duty 133220 plud registration 23520

consideration is 3000000/- assuming stamp duty 150000 and registration fee 30540 is borne by purchaser

short term capital gain will be Rs. 3000000-2376740 i.e., Rs. 623260/- ,

if expenses of rs. 180540/- on transfer of property is borne by seller the same shall be deducted from consideration of rs. 3000000/- and short term cvapital gain shall be decreased by that amount