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  • Capital Gain Working

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    punegst31
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    Milind Baban Kadlag owned 50% of a residential house property that was acquired on July 21, 2017 and transferred on November 7, 2023 for Rs. 40,00,000. There was a capital loss of Rs. 48,914 from the sale, with Milind's 50% share of the capital loss being Rs. 24,458. This Rs. 24,458 capital loss amount can be set off against other capital gains for tax purposes.

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    Capital Gain working

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    Milind Baban Kadlag owned 50% of a residential house property that was acquired on July 21, 2017 and transferred on November 7, 2023 for Rs. 40,00,000. There was a capital loss of Rs. 48,914 from the sale, with Milind's 50% share of the capital loss being Rs. 24,458. This Rs. 24,458 capital loss amount can be set off against other capital gains for tax purposes.

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    © All Rights Reserved
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    7 views1 page

    Capital Gain Working

    Uploaded by

    punegst31
    Milind Baban Kadlag owned 50% of a residential house property that was acquired on July 21, 2017 and transferred on November 7, 2023 for Rs. 40,00,000. There was a capital loss of Rs. 48,914 from the sale, with Milind's 50% share of the capital loss being Rs. 24,458. This Rs. 24,458 capital loss amount can be set off against other capital gains for tax purposes.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 1

    A.Y.

    2024-2025

    Name: MILIND BABAN KADLAG P.A.N. :

    Residential House Property


    Share (%) 50
    Date of acquisition 21-Jul-2017
    Date of transfer 07-Nov-2023
    Sale consideration 40,00,000
    Acquisition details Financial Year Cost Indexed cost
    COA-2954960*348/272 2017-18 29,54,960 37,80,611
    Improvement details
    FURNITURE-215876*348/280 2018-19 2,15,876 2,68,303
    Capital gain -48,914
    Share of Capital gain -24,458
    Taxable Capital gain -24,458

    Date : 01-Apr-2024
    Place : (MILIND BABAN KADLAG)

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