BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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(Selling Price-Purchase Price) / Selling Price
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(Purchase Price-Selling Price) / Purchase Price
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(Selling Price-Purchase Price) / Purchase Price
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(Purchase Price-Selling Price ) / Selling Price
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Detailed explanation-1: -How to calculate capital gains tax on property? In case of long-term capital gain, capital gain = final sale price-(transfer cost + indexed acquisition cost + indexed house improvement cost).
Detailed explanation-2: -The cost of acquisition of an asset acquired before 1 April 2001 shall be allowed to be taken as FMV as on 1st April, 2001 or the actual cost as chosen by the taxpayer. The cost of improvement shall include only those capital expenses which are incurred after 1 April 2001.
Detailed explanation-3: -Long term capital gain on share is calculated by deducting the sale price and cost of acquisition of an asset that has been held for more than 12 months by an investor. This is given by the net profit that investors earn while selling the asset.
Detailed explanation-4: -Definition: Capital gain is the profit one earns on the sale of an asset like stocks, bonds or real estate. It results in capital gain when the selling price of an asset exceeds its purchase price. It is the difference between the selling price (higher) and cost price (lower) of the asset.
Detailed explanation-5: -15% (original consideration value) will be the short term capital gain tax that will be levied in case a property is sold. Can I invest in the CGAS scheme to save on capital gains if I sell a property? Investment can be made in the CGAS scheme in case the ITR is file before a new property is purchased.