Capital gain calculations
My propety is registered in June 2010 and In sept 2015 I want to sale the same. Please let me know the capital gain for following details ( Possession of flat received in Aug 2012)
Agrement cost 23000000+ VAT 23000+ Service tax 75000+ Reg charges 23000+ Stamp duty 115000+ improvemnt expenses 45000 = 2581000
sale amount approx 45 L
Please also mention calculation method
Asked 3 years ago in Capital Gains Tax from Pune, Maharashtra
please read Agreement cost as 23,00,000
Asked 3 years ago
Please clarify what is the meaning of property registered in 2010 and 2015.
Talk to Vijay N. Kale
4.9 on 5.0
As per our view the LTCG will be 575864. Date of registration i.e. June 2010 is taken as cost of acquisition as per various case laws.
Talk to Shyam Sunder Modani
5.0 on 5.0