Long term capital gains

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 February 2018 i purchased a shop in the year 1999 for 4 lakh and sold now in sept 2017 for 23 lakh. pls tell my tax payable since in do not want to re invest in property. thanks

Nikhil Kaushik

Nikhil Kaushik (Expert)
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24 February 2018 you need to get the property valuation done for the value as at 1 April 2001. Only after this valuation is available, you can work out the tax liability

Querist : Anonymous

Querist : Anonymous (Querist)

24 February 2018 sorry purchase date is 28.11.2001

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Querist : Anonymous

Querist : Anonymous (Querist)

25 February 2018 i was on rent in the year 1999 - sorry