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Querist : Anonymous

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Querist : Anonymous (Querist)
15 July 2013 A piece of land purchased in december 1989 for rs 70000 sold for rs 100 lacs during July, 2013.the property is jointly owned by husband and wife. What will be the capital gains tax for each person? They do not have any other taxable income. What will be the amount required to be invested in REC bonds?
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CA Pooja Agarwal

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CA Pooja Agarwal (Expert)
15 July 2013 you need to mention the month of purchase in order to know the indexation to be applied.
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Querist : Anonymous

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Querist : Anonymous (Querist)
15 July 2013 month of purchase december,1989
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CA LOKESH KASAT, FCA, M.Com

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CA LOKESH KASAT, FCA, M.Com (Expert)
19 April 2017 Very Old Query need to be closed now

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