Ltcg

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suman singh (Querist)
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14 May 2014 i have purchased flat of Rs. 7lac in year 2006 in which i also spend money in registry and brokerage as Rs. 56000 and Rs. 15000 respectively, and i need to sold it the same flat in 2014 which cost comes to 34 Lakh, please advise the LTCG i opt for.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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14 May 2014 your cost of acquisiton is Rs 7.71 lakhs. compute the indexed cost.

use the inflation index as provided here
http://www.caalley.com/ca/cii.html

deduct the indexed cost from the consideration to arrive at long term capital gains.