Capital gain tax
This query is : Open
12 April 2018
I am 67 resident indian. I had purchased a flat in Mumbai with following details: Registration date of purchase: 11.11.2009; Value: 2290125/- Possesion Date: 26.06.2011 Registration date of sale: 03.02.2018; Value: 4649000/- Now questions are: 1) What would be the capital gain & tax (pls give details) 2) Can I purchase residential land to exempt this tax? If yes, what will be the minimum value of purchase to mitigate fully?
12 April 2018
What do you mean by Purchase and also by Possession ? Please clarify.
Message likes :
1 times
12 April 2018
I had been alloted and registered the flat on 11.11.2009 with value Rs 2290125/-, which was under construction. After the completion i got possession letter on 26.06.2011
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
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Defective Return - Tds on advance
- Fixed Deposit Claim Relinquishment by the Nominee
- Income Type for interest from government bonds
- TCS ON SOFTWARE SALES
- Not a CA , can we prepare balance sheet
- Accounting treatment for Fixed Assets
- Is correct entry for FDs
- Interest on public Provident Fund
- Gstr 9 2023-24
- GSTR-9 HSN Summary and Credit Note without item
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- GST RCM not shown in GSTR-3B
- Bill from Dispatched from issue.
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
