Capital Gains calculation on Sale Price or Stamp Duty Value?

Share
Share This Thread
  1. GMurugan

    GMurugan New Member

    Sir, A house property was purchased for Rs.495000-00 on 21-6-2001. Purchase price Rs.495000/-. But the market value was assessed for Rs.948500-00 for which stamp duty of Rs.123305/- was paid. Which vaue should be taken for computing capital gains. Similiarly the same property was sold in November 2014. Selling price Rs.50,00,000-00. But market value has been noted as 5466300-00 for which stamp duty has been paid. Which value should be adopted for computing capital gains.
     
  2. Parul_Gupta

    Parul_Gupta Active Member

    At the time of purchase - the actual purchase price would be considered.

    At the time of sale - the stamp duty value or the actual purchase price - whichever is higher would be considered.
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
Capital Gains Misc. May 11, 2016
capital gains proceeds Misc. Apr 27, 2016
query on capital gains tax Misc. Apr 24, 2016
Fixed deposits under FRTD interest in Capital Gains account Misc. Apr 20, 2016
Renewal of Capital Gains Deposit Misc. Dec 2, 2015