Short term capital gain

Sir hamne ek commercial land and building 2008 me 400000/-me (kafi purani shop) karidi thi aur 2010 me hume peson ki sakht jarurat thi 1000000/- me sale kardi jisme stapm valution 2500000/-mani gai hai or 2011 me 2300000/-ek avasiya plot kharida tha  to isme kitan capital gain banega uski calculation kese hogi agar koi exemption ho to bato,ek bat is area ki similar hai who ki sari jamino ka fair market value circle rate se bahut kam thi
Asked 2 years ago in Capital Gains Tax from Jaipur, Rajasthan
I will greatly appreciate if the question is re-framed in English, as the Hindi words are not clear to me.
B Vijaya Kumar
CA, Hyderabad
633 Answers
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Your Question is not clear.
Please resend your question in English with more clarity.
Shiv Kumar Agarwal
CA, Delhi
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Hi,
Can you provide the exact dates of Purchase & Sale of Properties
Shyam Sunder Modani
CA, Hyderabad
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Capital gain will be computed on stamp duty valuation of Rs 25 lakhs . If  the plot for Rs 23 lakhs within the permissible time and house had been constructed on the new plot within 3  years from the date of sale the property then capital gain is nil.


Vijay N. Kale
CA, Hyderabad
248 Answers
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