20 November 2022
Cost of the house including registration in 2001-02 Rs 2,18,000 Expansion and additions to the house in 2003-04 Rs 5,00,000 now to be sold at 62,00,000 December 2022 what will be capital gain tax exemption after indexation ? what document will be required for tax exemption ? Thanks
20 November 2022
There will be LTCG of around 39,60,000/- The said amount can be invested in Capital Gains Bond, u/s. 54EC, to reduce the tax liability to NIL.
CAclubindia
