......Hey...I am Utkarsh...I am the owner of a residential house which was purchased in September, 2004 for Rs 9,50,000. I have sold the said house on 5th August, 2017 for Rs 24,00,000. Valuation as per stamp valuation authority of the said residential house was Rs 43,00,000. I have invested Rs 5,00,000 in NHAI Bonds on 12th January, 2018. Further I have purchased a residential house on 5th July, 2018 for Rs 12,00,000. My other details are as follows: Interest on Bank Fixed Deposit Rs 32,000. Investment in public provident fund Rs 50,000.... Can you please help me in computing my tax liability.Cost inflation index for F.Y. 2004-05 and 2017-18 are 113 and 272, respectively
Dec. 08, 2017