Results for #crore

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Answered on November 09, 2017
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  • Under scenario 1, if you sell your residential flat and invest the capital gain arising therefrom in another residential flat then the provisions of section 54 of Income Tax Act would apply i.e selling of one residential property and buying another residential property within the time limit specified under section 54 of the Income Tax Act will apply and capital gains so arised shall be exempted...
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    Answered on November 09, 2017
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  • To compute the amount of capital gain, you can refer to the provision of section 48 of the Income Tax Act. Based on the facts provided, as the property has been sold after a period of 24 months, the capital gains would be long term capital gains. Such capital gains would be computed as below: Difference between Sale consideration (Rs. 2.25 crore) and the indexed purchase consideration (Rs. 40,...
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    Answered on November 09, 2017
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  • Areas such as Mulund, Vikhroli on the central side and Dahisar, Borivali on the western sides are good places of investments. The price differentials between these places and their southern counterparts is almost 100%. With connectivity improving with metro and eastern freeway, commute time across the city is improving. This will eventually result in price appreciation in these areas over the n...
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