alexa

Search in Indianmoney's WealthPedia

  
Home > Videos > How to Save Tax on Sale of Real Estate Property in Tamil | Part -2 | IndianMoney Tamil | Sana Ram

How to Save Tax on Sale of Real Estate Property in Tamil | Part -2 | IndianMoney Tamil | Sana Ram

How to save tax on the sale of real estate property? This is the second video on ‘How to save tax on the sale of real estate property’ created by the IndianMoney.comexperts. In this particular video, the speaker has explained the process of computing the capital gain and narrated the concept of indexed cost of the property.   The formula to compute the capital gain is: Capital Gain = Sale consideration – acquisition cost – cost of improvement.   What is sale consideration? Sale consideration is an agreement value cited at the time of registration of the property minus the permissible selling overheads (advocate fees, stamp duty charges, travelling overheads and brokerage).   As rightly described by the speaker, the indexed cost is an inflation-adjusted acquisition cost. The indexed cost of acquisition may be computed by using the cost inflation index chart or CII chart.   The formula to calculate inflation-adjusted cost price is: (CII of the year of sale/CII for the year of purchase) * Actual cost price.                

 
Get the Best Financial Advice on Click Here
 
CIBIL Meter
Attention!

This is to inform that Suvision Holdings Pvt Ltd ("IndianMoney.com") do not charge any fees/security deposit/advances towards outsourcing any of its activities. All stake holders are cautioned against any such fraud.