LTCG- WORKING
Dear Sir/Madam, I seek your suggestion regarding LTCG. I sold my Flat for Rs. 49,00,000-00 in this month-JULY-2016. It was bought in JULY-2009 for Rs. 31,08,750-00 (Break-up is Cost of premises-Rs.
27,70,000-00, Car parking- Rs. 1,25,000-00, Electricity Meter Rs. 59,000-00 Stamp Duty, Registration Fees and legal Charges-Rs. 1,54,750-00.)
Rgds.
Anand Kulkarni
27,70,000-00, Car parking- Rs. 1,25,000-00, Electricity Meter Rs. 59,000-00 Stamp Duty, Registration Fees and legal Charges-Rs. 1,54,750-00.)
Rgds.
Anand Kulkarni
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Sir, The date of purchase is 16/07/2009 and date of sale is 12/07/2016. It's more than 5 years. *Regards* *Anand Kulkarni* On Wed, Jul 27, 2016 at 10:08 PM, ASHOK GOLAS wrote: >
Jul 28
Resp. Sir, Thanks a lot for your inputs. *RegardsAnand Kulkarni* On Thu, Jul 28, 2016 at 11:08 AM, MOHIT PANDE wrote: >
Jul 28
Dear Mr.Kulkarni, LTCG in your case is Nil as per calculation given below as Sale price is less than indexed cost of acquisition: Cost of Acquisition=27,70,000+1,54,750=2924750 Indexed Cost of Acquisition=2924750*1125/632=52062240 Sale Consideration=49,00,000
Jul 28
You have not given any date for transaction. LTCG can be only claimed if asset is held for more than 3 years - determined by counting date wise & not month wise.
Jul 27
Dear Sir, Thank you very much for your kind reply. ᧠*RegardsAnand Kulkarni* On Wed, Jul 27, 2016 at 5:45 PM, MANDEEP DANG wrote: >
Jul 27
