Capital Gain on Property

Q & A ForumCategory: Real EstateCapital Gain on Property
Dev asked 9 years ago
My Query is regarding Capital Gain Tax. I purchased a plot in 1989 at Rs. 6000 which I have document. Then I build it with 2 rooms, Kitchen, Washroom, Boundary Walls and veranda. It costs me 2 Lakhs on 1992. In 2001, I build One more room, Store room, Stairs ,roof boundary walls and tiles in roof and it cost me 1.5 Lakhs. In 2016, I have sold my House at 14 Lakhs. I have not any document/Bill of constructing the house. How much I have to pay on this property.
1 Answers
Sreekanth Staff answered 9 years ago
Hi, For calculations, suggest you to kindly consult a Chartered Accountant. Suggested reading : https://www.relakhs.com/how-to-save-capital-gains-tax-on-sale-of-land-house-property/
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