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Only spouse can be second holder in senior citizen plan

DNMUM402517 | 12/7/2017 | Author : Harsh Roongta | WC :401


I purchased my first flat in October 2012 for Rs 30 lakh. I sold it in August 2017 at Rs 40 lakh. I purchased the second flat in August 2017 for Rs 90 lakh. Both the flats were bought via home loan. Please suggest on capital gains tax.
--Sahil Shah
Based on the facts stated by you, there is no question of any long-term capital gains tax (LTCG). Your cost of acquisition in October 2012 is Rs 30 lakh. The index value for financial year 2012-13 was 200 while the index value for financial year 2017-18 is 272. Therefore, the indexed cost of acquisition works out to Rs 40,80,000 as follows. Since the indexed cost is more than the sale price of Rs 40 lakh, you will not have any LTCG chargeable to tax. In fact, you will b
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Don’t forget opportunity costs while investing
DNMUM408247 | 2/21/2018 12:00:00 AM | Author : Rajeshwari Adappa | WC :747

Mumbai: Sapna Mishra had been waiting to sell her flat in a suburb in Mumbai for more than seven years now. She was waiting for the right price and refused to sell at a lower price.The right price, according to her, was Rs 1.5 crore while
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Private banks pull down Sensex 71 points
DNMUM408248 | 2/21/2018 12:00:00 AM | Author : DNA Money Correspondent | WC :215

Mumbai: The benchmark indices, Sensex and Nifty ended in the red zone for the third session in a row on Tuesday.
The Sensex tanked 71.07 points, or 0.21%, at 33703.59, while the broader Nifty fell 18 points, 0.17%, to 10360 dropping by 18 points.
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Auto policy needs to be consistent
DNMUM408252 | 2/21/2018 12:00:00 AM | Author : Edit | WC :207

The government recently took a U-turn over electric vehicle (EV) policy. After all the hoopla created around EVs in the past one year, the draft new automotive policy now looks forward to finalising a ‘technology agnostic’ green mobility roadma
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New RBI committee to look into divergences, frauds and audits
DNMUM408253 | 2/21/2018 12:00:00 AM | Author : DNA Money Correspondent | WC :547

Mumbai: Almost a fortnight after the Rs 11,300 crore fraud broke out at the Punjab National Bank (PNB) involving diamond billionaire Nirav Modi and his associates, Reserve Bank of India (RBI) has come out with preventive measures to guard again
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