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  • CG Cal

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    Ashish Shah
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    The document details the sale of a property for Rs. 70. The original cost was Rs. 39.19 with an indexed cost of Rs. 51.76. The long term capital gain is Rs. 18.24. It advises investing the capital gain amount in NHAI or RECL bonds under section 54EC for tax planning purposes since the assessee already owns another residential property.

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    cg

    Original Title

    CG CAL

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    The document details the sale of a property for Rs. 70. The original cost was Rs. 39.19 with an indexed cost of Rs. 51.76. The long term capital gain is Rs. 18.24. It advises investing the capital gain amount in NHAI or RECL bonds under section 54EC for tax planning purposes since the assessee already owns another residential property.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    8 views2 pages

    CG Cal

    Uploaded by

    Ashish Shah
    The document details the sale of a property for Rs. 70. The original cost was Rs. 39.19 with an indexed cost of Rs. 51.76. The long term capital gain is Rs. 18.24. It advises investing the capital gain amount in NHAI or RECL bonds under section 54EC for tax planning purposes since the assessee already owns another residential property.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 2

    Sales (A)

    70

    (assuming FY 2013-14)

    Cost of Acquisiton
    Stamp duty
    Transfer Fee
    Total Cost

    36.5
    2.19
    0.5
    39.19

    (14/05/2010 FY 2010-11)

    Indexed Cost (B)

    51.76

    39.19 X 939/711

    Long Term CG

    18.24

    CII 13-14
    CII 10-11

    939 (CII =Cost of inflation index)


    711

    Advice for Tax planning


    Amount of CG shall be invested in to NHAI or RECL Bond u/s 54EC (Lock in period 3 years)
    As Assessee has already one resi house other than sold, It is not adivsable for another resi property

    (CII =Cost of inflation index)

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