Calculation of capital gain and tax thereto

04 March 2019

Please calculate capital gain and tax thereto of the following
Land purchased on 21.11.1994 for Rs.60000
Sold on 1.3.2019 for Rs.1500000

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (168298 Points)
Replied 04 March 2019

First .......Get the FMV or circle rate of the land as on 01.04.2001 from any registered valuer.

Mahesh Chandra Mohapatra (189 Points)
Replied 04 March 2019

who is a registered valuer? What is circle rate?

Giridhar S Karandikar (Team Lead) (7543 Points)
Replied 04 March 2019

they are professionals who provide us with the valuation of assets like land building.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (168298 Points)
Replied 04 March 2019

List of registrered valuers attached

Circle rate is rate fixed by Sub-registrar of stamps & registration.

Attached File : 1648935 20190304112853 immovable property.pdf downloaded: 66 times

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