Upgrad LLM

tax treatment in sale of resi falt


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



Attached File : 270108 20150812134425 280432339 kol flat tax issue.docx, 270108 20150812134438 280432339 kol flat tax issue.docx downloaded 74 times
 
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Proprietor

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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