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Capital gains

This query is : Resolved 
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(Querist)
25 March 2013 Respected Experts

can an assessee take the benefit of without indexation cost in case of sale of a land property - ie can he taking the advantage of 10% capital gain tax benefit

or they are to take the advantage of index benefit & to pay 20% tax

Thanks

Debashis Mandal
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
25 March 2013 Cost of landed property has to be necessarily indexed for the purpose of capital gains computation.
With out indexation and 10% tax rate etc is only for listed securities /unit/ zero coupon bonds. Please see proviso to section 112.
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