Please clarify what is the meaning of property registered in 2010 and 2015.
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 9 years ago in Capital Gains Tax
please read Agreement cost as 23,00,000
Asked 9 years ago
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.
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