Sir, I have recently sold as well as purchased a property , details of which are mentioned below Details are as under:- 1. Purchased plot in year 1988-89 from G.D.A. and made payments of Rs 1,78000/- in installments and got the registry done in my name 1997.
2. Construction of ground floor was done at cost Rs 5,90200/- in 1998-99
3. First floor was constructed in year 2002-2003 at Rs 2,20000/-
4. Open area construction cost 1,84230/- (Note: - Above calculations are based on the evaluation done by approved architect) 5. Sold the house property for 65, 00000/- as per registry done in registrar office in 10/12/2009 and paid Rs 50,000/- as Brokerage.
6. Purchased flat for Rs 30,0000/- stamps worth Rs 2,15,500/- Registry charges of Rs 5040/- Brokerage 30,000/- Advocate fee – Rs 5000/- (Total Cost of Purchase – 32,55,540/- )
Kindly let me know the amount of capital gain taxable and advise on how to save taxes on the same?
