long term capital gain

thanks for your reply sir! but as you say that long term capital tax will be calculated on govt valuation then the tax amount will be very high and unaffordable. i have also bought a residential flat for rs. 60 lakh six mounths back will it help.

asked Jul 13 '11 at 16:45 by rajesh p 623


Yes, tax amount will be very high for government valuation, but this is applicable.

If you have already purchased a residential flat six months back, than you can get exemption exemption under section 54F.

answered Jul 13 '11 at 16:49 by pankaj 5.2k320

link

Know someone who can answer? Share a link to this question via email, twitter , or facebook
.

Your answer
toggle preview

Follow this question

Once you sign in you will be able to subscribe for any updates here

Markdown Basics

  • *italic* or __italic__
  • **bold** or __bold__
  • link:[text](http://url.com/ "title")
  • image?![alt text](/path/img.jpg "title")
  • numbered list: 1. Foo 2. Bar
  • to add a line break simply add two spaces to where you would like the new line to be.
  • basic HTML tags are also supported

Tags:

×777
×339
×112
×80

Asked: Jul 13 '11 at 16:45

Seen: 717 times

Last updated: Jul 13 '11 at 16:50