I have purchased 1BHK for CV of 45,92,908/- plus same time i have paid Reimbursement of Exps for 94,350/- and Maintenance Related amt. for 176,522/- including estimated property tax of 1622/- And i have sold it for Rs.33 Lacs on 08/02/2021. I Have paid brokerage of 33K on sales. Sir how to calculate capital loss on the above, as i have to file return and to get my refund of TDS around 3.50 Lacs which is deducted by the ICICI Bank from buyers side. Its showing in 26AS. Pls help me. I have purchased on 05/06/2018.
1 Replies
CA Puja Sharma
(Chartered Accountant)
(5010 Points)
Replied 08 April 2021
Assuming you are selling the property after 24 months - then it will be long term capital loss.
Calculation of Loss
Sale Value = 33 Lacs (1)
Cost with indexation = (Price paid at the time of purchase +any any other expenses paid at the time purchase)/CII of year of purchase x CII of year of sale. (2)
Long term capital loss = (1) - (2)
Maintenance expenses and property tax will not be considered under cost because that is not of capital nature
Recent Topics
- REGARDING GSTR-9 F.Y 2023-24
- Hs news agency from desh to an
- Rectification to decrease income in SCHEDULE OS
- Can Statutory Auditor of a subsidiary become concu
- Client Asking for the Revised Invoice
- Share office desk in bkc, near family court
- 80D claim for payment paid by parent
- TDS on purchase of Flat under subvention scheme be
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
Related Threads
CAclubindia
