LCI Learning
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

RS Dudani (Director)     26 February 2011

Capital Gain Tax

My uncle purchased a House from Delhi Development Authority (Delhi) in June 1984 for a total amount of Rs. 1.5 Lakhs.  He sold the property in July 2010 for a sum of Rs. 32.00 Lakhs.  My querries are :

(i) What is the total amount of Capital Gains Tax ?

(ii) By when it is payable ?

(iii) It is intended to purchase a New Property from the amount so realised.  By when the new property should be purchased to avoid Capital Gains Tax.

(iv) Till the property is purchased, whether the amount is to be kept in a specified Bank Account/Bonds etc. or it can be held in any Bank and kept in the shape of FDs/Securities/Gold etc.

Thanks for an early advice

RS Dudani


 0 Replies

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register