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sale of old house

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(Querist)
24 May 2011 i have 40 years old house . i wish to sale it .value of this house is 25lakh .index cost of house is 2.5 lakh

i want to construct new house from the amount of old house.cost of construct 15 lakh.


How much income tax i have to pay?
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U S Sharma

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U S Sharma (Expert)
24 May 2011 deduct indexed cost of acquisition from 25 lacs, then calculate.
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CA MANOJ GUPTA

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CA MANOJ GUPTA (Expert)
24 May 2011 u have not shared the cost of acquisition of house
pl tell then a correct replyu can be given

CA MANOJ GUPTA
JODHPUR
09828510543
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hemanshu chiniwala

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hemanshu chiniwala (Querist)
24 May 2011 index cost of old house is 2.5 lakh

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