POSTED BY November 21, 2013 8:14 am COMMENTS (8)ON
Recently I sold my house for Rs. 59,92,000. This house was purchased by my mother in Jan.1992 for Rs.3,80,000.
Sir,what would be the Capital Gain and is it possible to reduce this capital gain by showing some renovation/extension or repairing works to the extent of Rs.10–15 Lacs on this house prior to it’s sale ? Advice pl.