Hello, I have sold a property @29lakhs given by my father as gift deed on Jun 2010. Now I have given used this amount to purchase a new flat @35 lakhs on June 2010 and taken a loan of 15 lakhs. Will there be nay captial gain.
I have a net Long Term capital gain of Rs. 15 lacs from sale of old property. Out of this I have invested Rs. 10 lacs in purchase of one flat. Can I avoid payment of LTCG Tax on the remaining Rs. 5 lacs by investing the same in another property within the stipulated time period ?
I will be selling my flat in in may 2010 at cost of Rs 29 lacs. (the Registry shall be done in may 2010. this flat was bought from builder at the cost of 4 lacs in JUly 1990 but agrreement was registered in NOB 1990 and possession giuen in may 1991. last installment paid in APril 1991.
I bought a new flat at Rs 25 Lacs. last payment installment was done in oct 2009. it was registered in feb 2010 and possession given in oct 1009. please indiacte whther I have to pay yhr capital gains tax mrb
Sir, I have recently sold as well as purchased a property , details of which are mentioned below Details of sold property :- Purchase and Construction cost – 1172430/- selling cost - Rs 65, 00000/-
Sir, I have recently sold as well as purchased a property , details of which are mentioned below Details are as under:- 1. Purchased plot in year 1988-89 from G.D.A. and made payments of Rs 1,78000/- in installments and got the registry done in my name 1997.
2. Construction of ground floor was done at cost Rs 5,90200/- in 1998-99
3. First floor was constructed in year 2002-2003 at Rs 2,20000/-
4. Open area construction cost 1,84230/- (Note: - Above calculations are based on the evaluation done by approved architect) 5. Sold the house property for 65, 00000/- as per registry done in registrar office in 10/12/2009 and paid Rs 50,000/- as Brokerage.
6. Purchased flat for Rs 30,0000/- stamps worth Rs 2,15,500/- Registry charges of Rs 5040/- Brokerage 30,000/- Advocate fee – Rs 5000/- (Total Cost of Purchase – 32,55,540/- )
Kindly let me know the amount of capital gain taxable and advise on how to save taxes on the same?
Sir, I have recently sold as well as purchased a property , details of which are mentioned below Details are as under:- 1. Purchased plot in year 1988-89 from G.D.A. and made payments of Rs 1,78000/- in installments and got the registry done in my name 1997.
2. Construction of ground floor was done at cost Rs 5,90200/- in 1998-99
3. First floor was constructed in year 2002-2003 at Rs 2,20000/-
4. Open area construction cost 1,84230/- (Note: - Above calculations are based on the evaluation done by approved architect) 5. Sold the house property for 65, 00000/- as per registry done in registrar office in 10/12/2009 and paid Rs 50,000/- as Brokerage.
6. Purchased flat for Rs 30,0000/- stamps worth Rs 2,15,500/- Registry charges of Rs 5040/- Brokerage 30,000/- Advocate fee – Rs 5000/- (Total Cost of Purchase – 32,55,540/- )
Kindly let me know the amount of capital gain taxable and advise on how to save taxes on the same?
Sir, I have recently sold as well as purchased a property , details of which are mentioned below Details are as under:- 1. Purchased plot in year 1988-89 from G.D.A. and made payments of Rs 1,78000/- in installments and got the registry done in my name 1997.
2. Construction of ground floor was done at cost Rs 5,90200/- in 1998-99
3. First floor was constructed in year 2002-2003 at Rs 2,20000/-
4. Open area construction cost 1,84230/- (Note: - Above calculations are based on the evaluation done by approved architect) 5. Sold the house property for 65, 00000/- as per registry done in registrar office in 10/12/2009 and paid Rs 50,000/- as Brokerage.
6. Purchased flat for Rs 30,0000/- stamps worth Rs 2,15,500/- Registry charges of Rs 5040/- Brokerage 30,000/- Advocate fee – Rs 5000/- (Total Cost of Purchase – 32,55,540/- )
Kindly let me know the amount of capital gain taxable and advise on how to save taxes on the same?
Sir, I have recently sold as well as purchased a property , details of which are mentioned below Details are as under:- 1. Purchased plot in year 1988-89 from G.D.A. and made payments of Rs 1,78000/- in installments and got the registry done in my name 1997.
2. Construction of ground floor was done at cost Rs 5,90200/- in 1998-99
3. First floor was constructed in year 2002-2003 at Rs 2,20000/-
4. Open area construction cost 1,84230/- (Note: - Above calculations are based on the evaluation done by approved architect) 5. Sold the house property for 65, 00000/- as per registry done in registrar office in 10/12/2009 and paid Rs 50,000/- as Brokerage.
6. Purchased flat for Rs 30,0000/- stamps worth Rs 2,15,500/- Registry charges of Rs 5040/- Brokerage 30,000/- Advocate fee – Rs 5000/- (Total Cost of Purchase – 32,55,540/- )
Kindly let me know the amount of capital gain taxable and advise on how to save taxes on the same?
