Capital Gains
This query is : Resolved
28 February 2011
My mother disposed some ancestral property.
What are the investment options?
How can Capital Gains tax avoided?
How is capital gains calculated?
Thank you.
Stanley Ravi
What are the investment options?
How can Capital Gains tax avoided?
How is capital gains calculated?
Thank you.
Stanley Ravi
03 March 2011
assuming it is house
capital gain calculation:
full value of consideration
less: exclusive expenditure for sellig property
less: Indexed cost of acquisition
less: eligible deductions U/s 54,B,C ect,
= long term capital gain
Indexed cost:
assuming the asset is the property of the assesee before 1.4.1981 opt for actual cost / fair market value. take index of 1.4.1981 or the year of possession by the assessee(if after 1981)
deduction buy or cunstruct a house or invest in specified bonds or deposit in a bank
you can avoid capital gain by investing in another property or making deposit or purchasing specified bonds
capital gain calculation:
full value of consideration
less: exclusive expenditure for sellig property
less: Indexed cost of acquisition
less: eligible deductions U/s 54,B,C ect,
= long term capital gain
Indexed cost:
assuming the asset is the property of the assesee before 1.4.1981 opt for actual cost / fair market value. take index of 1.4.1981 or the year of possession by the assessee(if after 1981)
deduction buy or cunstruct a house or invest in specified bonds or deposit in a bank
you can avoid capital gain by investing in another property or making deposit or purchasing specified bonds
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