• 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 8 years ago in Capital Gains Tax

Please clarify what is the meaning of property registered in 2010 and 2015.

Vijay N. Kale
Vijay N. Kale
CA, Hyderabad
248 Answers
13 Consultations

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.

Shyam Sunder Modani
Shyam Sunder Modani
CA, Hyderabad
1408 Answers
164 Consultations

5.0 on 5.0

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