Capital Gains calculation on Sale Price or Stamp Duty Value?

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  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.
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