Ask us: On investments
The Hindu
Capital gains is computed in the following manner; first limb will consist of selling price less brokerage
A. Sale of residential property will be termed a “Capital Asset” and the ensuing gain/loss from the sale transaction is termed as “Capital Gain/Loss”. Period of holding above 24 months in case of immovable property will be treated as “Long Term Capital Asset” while period of holding lesser than 24 months will be treated as “Short Term Capital Asset”.
Capital gains is computed in the following manner; first limb will consist of selling price less brokerage. Also, if the selling price is lesser than the guideline value, then the guideline value is to be replaced with the selling price.
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