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Capital gain tax
Property Purchase in 2011 @ 460000 and sale 2018 @ 580000, problem is purchase kisi itr me show ni ki gyi,ab 2018 me Capital gain ki kya liability banegi,plz reply
Replies (2)
there is no need to show the purchase of asset in ITr and the capital gain would be
Sale consideration: 580000
Less: ICOA=460000*272/184=(680000)
No gain but there is a loss of 100000 which can be carried ffwd
Yes, purchase is not shown in ITR.
EXCEPT CERTAIN SITUATION.....
IT'S MY PERSONAL OPINION IF ANYBODY HAVE DIFFERENT VIEW THEN VIEWS ARE WELCOME. THANKS. DISCLAIMER: ITS NOT PROFESSIONAL ADVICE.
EXCEPT CERTAIN SITUATION.....
IT'S MY PERSONAL OPINION IF ANYBODY HAVE DIFFERENT VIEW THEN VIEWS ARE WELCOME. THANKS. DISCLAIMER: ITS NOT PROFESSIONAL ADVICE.
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