WebJan 4, 2001 · You would be liable to pay Long term capital gain at the rate of 20% (plus applicable cess and surcharge) on any capital gains that arise from the sale of gold. You need to get the fair market value of gold as on 01.04.2001 for calculation of indexed cost of acquisition. Long-Term Capital Gains will be calculated as below: WebNo capital gain is applicable when an asset is inherited because there is no 'sale', only a transfer. However, if this asset is sold by the person who inherits it, capital gains tax will ... before 1/4/2001 (a) Original Actual cost or Fair market value (b) Right Whichever is High (WEH) (c) Bonus Share –Fair market Value 2. If (a) original, (b ...
Obtain fair market value certificate of property from a ... - mint
WebJan 17, 2024 · 17 January 2024 HOW CAN I GET FMV AS ON 2001 TO CALCULATE CAPITAL GAIN TAX. OR PROPERTY READY RECKNOR RATE FOR A PARTICULAR … WebMay 13, 2024 · Fmv (fair market value) as on 01-04-2001 This query is : Resolved Report Abuse Follow Query Ask a Query CA Sumit Ramesh Bharadia 13 May 2024 An assessee bought a House Property in 1994. He wants the sell the same now. milk jelly with evaporated milk
Buying or Selling Property below the Stamp Duty Value - TaxGuru
WebOct 17, 2024 · Where a capital asset is purchased prior to 1 April 2001 (i.e. in May 1994), the cost of such asset for the purpose of calculating LTCG/L on sale can be substituted … WebApr 28, 2024 · 2. If Gold or Gold Bars held as assets and are sold then how it will tax under Income Tax? If gold or gold bars held as assets, are sold within three years then short term capital gain on the profit is levied at normal rates applicable to individuals and if sold after three years then long term capital gain is levied on the profits @ 20%. 3. WebAug 11, 2024 · In 1.4.2001, the circle rate of flats in that area was Rs. 1000 per sq ft. So value as per circle rate is 15 Lacs. However, another flat says ‘B’ at that time was … milk jug in the refrigerator funny