• Quotes

  • NAVs

  • News

  • Messages

  • Opinions

  • Notices

  • Videos

Feedback
Make this your Home
Search: Messages    Stock    Boarder
 
Post a Message | Explore Forums  |  Browse Stock Messages  |  Hot Discussions  | Top rated Messages  | Top Boarders
Moneycontrol.com >> Messageboard >> Reply to the Message
   You are here :     Moneycontrol     MMB   Reply to the Message
  Here you can reply to the message shown by typing in the input box.
  Tax Planning & Help   (Personal Finance)  
Capital Gain
Dear Pradeep, Here is the Tax calc. for u -

2nd property -
A. Purchase price = 5L
B. Purchase Financial year = 2004-2005
C. Cost inflation index of 2004-05 = 480
D. Sell Financial year = 2009-2010
E. CII of 2009-2010 = 632
F. Indexed Purchase price = 5*632/480 = 6.58L
G. Sell price = 15L
H. Indexed Long term capital gain = 15 - 6.58 = 8.42L

Now if u purchase a ready built property within next 2 year from the date of sell of ur 2nd property (till 28/07/2011) or construct a house within next 3years (till 28/07/2012) & use 8.42L Capital gain amount to invest in this new property u can save ur full LTCG Tax liability.

Now in context of ur full post or should i say next part of ur post that u intend to sell ur 1st property also, a tricky situation may arise - If u sell ur 1st property after purchasing ur 3rd property but within 1 year, u may partially adjust ur LTCG of 1st property against the purchase of this 3rd property.

It`s upto u how u use the situation to the max. for ur favor.

thanks

Ashal		   
Posted By     ashalanshu

Reply to the Message
Message Type :      Message     Query     Greviance
characters left                       
  MMB code of conduct
  We request you to follow ethical standards in your posts.
  Please ensure that your post
 
•  Is not libelous. Please differentiate between your feelings, judgments and generalization . In case you want to make a serious allegation do substantiate it [about any person/ company/ entity] .
•  Please do not post confidential, classified insider information about any company or entity
•  Do not make rude or insensitive remarks against a community, race or caste, religion or gender
As you know one may face legal action by revealing insider information or making unsubstantiated, libelous allegations against a company/ entity . Should there be a court order or legal action against any post violating the law of land, we will comply with the court judgment which includes, deleting your message, banning you from MMB, sharing your IP address to the investigating authorities etc [as specified in the law/Order].

-MMB Moderator

Dekha Hai Maine Tumhe
It's The Time To Disco
Gunmaster G-9
Dard-E-Disco
Sara Zamana
Jimmy Jimmy Jimmy Aaja
Auva Auva Koi Yahan Nache
more disco songs

What the stars foretell

Bejan Daruwala

Ganeshaspeaks: Market prediction for Nov 23

View all astrologers

India over 10 years

See whats improved/ worsended

FII Investments »
FDI »
Exports »
Imports »
GNP »
See all »

Poll 

Will you buy RIL post the non-binding cash offer for Lyondellbasell?

Yes No
Can't Say  
 
View Result  4 comments read all
To SMS your queries to us Type YS < Your query > SMS to 51818
Stocks to be discussed next:
|  ABG Shipyard |  Bajaj Hindustan |  Jaiprakash Asso |  JSW Steel |  Suzlon Energy |  Patni Computer |  Unitech 
 view all queries »
Boarder Circle
Platinum
Gold
Silver
Newbie
Popular Boarders 7days
flashstock05
278
KotakInvestment
255
joetom
250
India_bulls
160
radhika_nandlal
140
All Time
more
Top Tracked 7days
KotakInvestment
1310
joetom
1022
India_bulls
985
marketman
843
flashstock05
818
All Time
more
Prolific Boarders 7days
hsnmf
951
radhika_nandlal
366
NAUGHTY007
293
tara23
267
All Time
more