19 October 2013
If the Property was held for more than 36 months then it will be long term capital gain, Have to calculate it thru indexation with its cost and have to deduct it with Sale Consideration..
If the property was sold within 36 months then Sale price minus cost, and it will be short term capital gain.. NOTE: Exemption can be claimed under Long term capital gain U/S 54,54EC,54GB..
Short Term Capital gain have to borrow tax at slab rate..
More Details: https://www.caclubindia.com/articles/capital-gain-tax-simplified-18623.asp