Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 March 2016
Dear Sir,
Suppose a property was purchased in 1975 for Rs. 15200/- and sold in the year of 2015. What is the formula to calculate indexed cost of acquisiton on Rs. 15200/-
Please clarify.
Suppose a property was purchased in 1975 for Rs. 15200/- and sold in the year of 2015. What is the formula to calculate indexed cost of acquisiton on Rs. 15200/-
Please clarify.
25 March 2016
Dear
To calculate the indexed cost you can take the fair value of the property as on 01/04/1981, if available
otherwise
15200/100*1081 = Rs 164312/-
Similarly you can index the cost of improvement made during any year between 1981 to 2015.
To calculate the indexed cost you can take the fair value of the property as on 01/04/1981, if available
otherwise
15200/100*1081 = Rs 164312/-
Similarly you can index the cost of improvement made during any year between 1981 to 2015.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- Average Cost Of High Quality Diamonds
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
