Capital gain
This query is : Resolved
13 November 2013
Capital Gains can be computed by the simplest formula.
.
A. Decide Net Sales Consideration -It is Sales consideration less expenditure incurred in connection with such sale or transfer of the Capital Asset.
.
B. Deduct (Indexed) cost and (Indexed) cost of improvement from A.
.
Indexation is permitted in case of long term capital assets only.
.
C. (A-B) will be the capital gain.
.
.
A. Decide Net Sales Consideration -It is Sales consideration less expenditure incurred in connection with such sale or transfer of the Capital Asset.
.
B. Deduct (Indexed) cost and (Indexed) cost of improvement from A.
.
Indexation is permitted in case of long term capital assets only.
.
C. (A-B) will be the capital gain.
.
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