Partha Chattopadhyay 08 June 2017
Ms.Usha Kapoor (CEO) 09 June 2017
Please ppost months of purchase and sale in order to calculate capital gaind/cost of acquisition.post thyem immediately. I'd be going out at 3 pm on an urgent work.
Partha Chattopadhyay 09 June 2017
Partha Chattopadhyay 09 June 2017
GANDHI MOHAN BHARATI (Pensioner) 09 June 2017
The Govt notified inflation Rate index recently with Base year 2001-2002 as 100. For 2017-18 it is 272.
Ttarget='_blank' rel='nofollow' hrefore, CG = 35,00,000 - (8,50,000/-*272/100) = 11,88,000/-
CG Tax onit is 20.00% i.e 2,37,600/-
By investing 11.88 Lakhs within 6 months of sale in Bond of NHAI or REc Bonds for Capital Gains you do not have to pay any tax.
The lock in period is 3 years and interest annually is 6.00%
Interest received is added to your income and is taxable according to the slab
Ms.Usha Kapoor (CEO) 09 June 2017
Just now I returned from visit to a Doctor. Meanwhile Mr.Bharti answered on the samwe lines which i WANTED TO ADVICE.
Partha Chattopadhyay 10 June 2017
GANDHI MOHAN BHARATI (Pensioner) 11 June 2017
I do not think the tax authorities will agree to a loan repayment as non cost. My feeling is that the total cost of acqusition is 8.50 lakhs whetrher it comprises oif loan or not.
Another ground is you would have been availing tax benfits of HBA in ITRs so far.
Partha Chattopadhyay 13 June 2017