Sale of house

Querist : Anonymous (Querist) 11 January 2012 This query is : Resolved
House bought in year 2000 in Bangalore, sold in 2012,

How to calculate tax for the gain

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Sailesh Kumar Shah (Expert) 11 January 2012
Sale price - [purchase price x {785/406}] )= Capital Gain.

Tax=20% Capital Gain.

Raj Kumar Makkad (Expert) 11 January 2012
I fully agree with the formula of calculation of capital gain in the given case with Shah.

Devajyoti Barman (Expert) 11 January 2012
rightly advised...

prabhakar singh (Expert) 12 January 2012
I find Mr.Shah correct.

Deepak Nair (Expert) 12 January 2012
Correctly advised by Mr.Shailesh

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