2+ Lawyers are online
How is capital tax calculated?
23-May-2023 (In Tax Law)
received or accumulated as a result of transfer the following amount:
(i) Expenditure incurred wholly and exclusively in connection with such transfer
(e.g. brokerage or commission for securing a purchaser, registration fee,
travelling expenses in connection with transfer); and
(ii) the cost of acquisition of the capital asset and cost of improvement thereto.
However, in case of transfer of a long term capital asset after deducting the
expenditure incurred wholly and exclusively in connection with such transfer,
the 'indexed cost of acquisition' and 'indexed cost of improvement' has to be
deducted.
62+
Adv. Chikirsha Mohanty
Delhi | 200+ Answers
Chat
Disclaimer: The above query and its response is NOT a legal opinion in any way
whatsoever as this is based on the information shared by the person posting the
query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to
address the specific facts and details.
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
