05 August 2013
PURCHASED PROPERTY = RS.5 LAKH 1 JUNE 1990 SOLD PROPERTY = RS.25 LAKH 1 JUNE 2013 PURCHASED PROPERTY = RS.30 LAKH 1 JULY 2013 DO I HAVE TO PAY CAPITAL GAINS TAX. I DO NOT HAVE ANY OTHER PROPERTY IN MY NAME. THIS IS THE ONLY RESIDENTIAL PROPERTY PURCHASED AND SOLD BY ME. WHAT IS THE INDEX VALUE FOR 1990-1991 & FOR 2013-2014. IF THERE IS CAPITAL GAINS TAX TO BE PAID; WHAT WOULD BE THE AMOUNT?
TUSHAR HAD REPLIED THAT I HAD PAY 20% CAPITAL GAINS TAX. COULD YOU PLEASE GIVE ME THE AMOUNT OF CAPITAL GAINS TAX TO BE PAID. ROUGH AMOUNT WOULD. ALSO SEND ME THE INDEX. I'AM BASED IN BANGALORE