Capital gain
Querist : Anonymous
Sale Price 12,00,000
Less: Indexed Cost of Acquisition
1,50,000*632/100 = Rs. 9,48,000
Capital Gain 2,52,000
Less: Exemption u/s 54 2,50,000
Taxable Capital Gain 2,000
Sale Price 12,00,000
Less: Indexed Cost of Acquisition
1,50,000*632/100 = Rs. 9,48,000
Capital Gain 2,52,000
Less: Exemption u/s 54 2,50,000
Taxable Capital Gain 2,000
since the LTCG was in the Year 2010-11
Ltcg would be Rs.2000
if it is for AY 2010-11
Querist : Anonymous
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