Long term capital gain
himanshu gupta
(Querist) 14 July 2015
This query is : Resolved
My father purchased a property in ghaziabad in 1981 for Rs. 18000 now he sold that property in Nov.14 for Rs. 7600000 and he purchased a property in Gurgaon in the name of me and my wife for Rs. 7000000. Can you plz tell me what will be the long term capital gain on this transaction and what is the tax liabilities on this transcation
Anirudh
(Expert) 14 July 2015
Roughly 14.87 lakhs.