I purchased a residential flat in december 2012 for Rs. 677000 in cash & Rs. 55000 paid for stamp duty + Rs. 25000 paid for brokerage & I have sold this flat today for Rs. 910000. Please let me know the tax treatment on capital gain. thnx
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Stcg on sale of residential flat
Replies (3)
Dear Sir
Your Capital Gain is as following: (Period of holding from December 2012 to till date is Short term)
So,
Sale value 910000
less: indexed cost of acqusition : 834299 ( i.e 677000+50000+25000=757000*939/852)
So capital Gain = 75701 (910000-834299)
(tax will be calculated as per slab rates)
regards.
thank you manoj ji,
also let me know the entry treatment in tally. regds
thank you manoj ji, also let me know the entry treatment in tally. regds
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