Capital gain
ANIL JANGID (MANAGER HR/admin/com) (2972 Points)
07 September 2020
suppose I purchase a house Rs.24 lacs and sold it 26 lacs,is it diffrence is taxable?
3 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 07 September 2020
yes , Taxable as capital Gain , However to find out Short term or Long term capital Gain , you have mention date of purchase and sale because different Tax rates for short or long term gain , its commercial or Residential . pleas reply
sabyasachi mukherjee
(27574 Points)
Replied 07 September 2020
Capital asset transfer.
sold at a gain.
capital gain
sold at a gain.
capital gain
Aman Verma
(209 Points)
Replied 07 September 2020
Yes any gain that arise out of sale of Capital asset are taxable under the head Capital Gain.
If it is long term then you get the benefit lf indexation .
If it is long term then you get the benefit lf indexation .
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