Thinker replied on Saturday, July 6, 2019 12:06 PM
Dear CMY Thanks for explaining the CGT issue, however I have a question if you could answer that. Let us say I bought a plot for 1 crore last year and in documents the declared value was FBR value which was say 50 Laks. I now sell it again for 1 crore, but now FBR value is 85 Laks. Does that mean that My gain would be calculated as 85-50 which is 35 Laks, and I have to pay tax on this gain? where as in reality there was no gain. Could you explain this scenario as this will be the case with most of the sellers |