Hey friend,
I see you have invested in real estate. I guess you want to know the capital gains tax you will have to pay on the sale of residential property. You can calculate
capital gain tax with a simple formula.
Long-term capital gain= full value of consideration received or accruing – (indexed cost of acquisition + indexed cost of improvement + cost of transfer)
Short-term capital gain= full value consideration – (cost of acquisition + cost of improvement + cost of transfer)
Read more : How to calculate LTCG on sale of property
How to calculate short term capital gains, check here If you want help with end to end legal processes including the scrutiny of technical documents and reports, Check out NoBroker Legal Services.
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Bought a residential flat in 2002 for 1900000, sold in 2021 for 1,10,00000
Sushil
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3 Year
2022-04-04T11:19:13+00:00 2022-04-05T18:18:39+00:00Comment
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