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SWETA SINHA (LA)     12 August 2015

Tax treatment in sale of resi falt

Pl guide me inthe capital gain and its treatment for taxation purpose, as attached in the file



Learning

 1 Replies

VARUN MAHAJAN (Proprietor)     12 August 2015

This is the way, but you should go to an Tax Advocate as such

Particulars

Rs.

Full value of consideration (i.e., Sales consideration of asset)

XXXXX

Less: Expenditure incurred wholly and exclusively in connection with transfer of capital asset (E.g., brokerage, commission, advertisement expenses, etc.)

(XXXXX)

Net sale consideration

XXXXX

Less: Indexed cost of acquisition (*)

(XXXXX)

Less: Indexed cost of improvement, if any (*)

(XXXXX)

Long-Term Capital Gain

XXXXX

 

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