27 June 2016
I had a client who purchase a property for Rs73690 on 1/4/80.he sold such property for RS 35Lac in the previous year 15-16. What will be the Capital gain on such property?
27 June 2016
you take indexatjion cost benefit for that see https://cadiary.org/cost-inflation-index-capital-gain/ cost X sale year index/buy year index= indexation cost sales price-index cost= capital gain tax will 20% of the profit.
CAclubindia
