TaxTMI 
TaxTMI 
capital gain tax
X X X X Extracts X X X X
X X X X Extracts X X X X
....apital gain tax<br> Query (Issue) Started By: - MITHUN SAHA Dated:- 28-7-2014 Last Reply Date:- 2-8-2014 Income Tax<br>Got 1 Reply<br>Income Tax<br>sir. I am going to sell land and building in curren....
X X X X Extracts X X X X
X X X X Extracts X X X X
....t year 2014-15 for ₹ 25,00000/- which i am holding for more than three years...The Indexed cost of acquisition is ₹ 1750000/-(approx). My question is 1) Can i take Indexed cost of impro....
X X X X Extracts X X X X
X X X X Extracts X X X X
....vement as deduction from sale consideration ₹ 55000 /- expensed in 2011-2012 and ₹ 85000/- in 2012-13 as i do not have any documents regarding such expenditures . 2)what is the rate of ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....tax of LTCG for F/Y 2014-15. 3) how can i get relief or exemption from long term capital gain as per above point(2) . Please give me detail process. Reply By CA GOPALJI AGRAWAL: The Reply: One may ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....claim the the cost of improvement but the onus is on the assessee to evidence the same by way of documentary evidences/explanations. The rate on LTCG is 20%, of course with Educations cess. You ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....may claim the exemption u/s 54 by purchasing a new residential house within one year before the transfer or two year after the date of transfer or construct within three years from the date of transfe....
X X X X Extracts X X X X
X X X X Extracts X X X X
....r of the asset. You may also invest on capital gain bonds u/s 54EC. Please note that of you do not invest before the due date of return of income, you are required to deposit the gain amount in capi....
X X X X Extracts X X X X
X X X X Extracts X X X X
....tal gain account scheme with the designated banks.<br> Discussion Forum - Knowledge Sharing ....