CAPITAL GAIN ITR

This query is : Resolved

Quick Summary

This discussion addresses concerns about capital gains tax calculations for property sold after a budget announcement. While indexation benefits for property acquired before July 23, 2024, are generally available, the user experienced issues with the tax form automatically calculating indexed costs. The conversation also clarifies that indexation is indeed allowed for gold sales made before the budget.

afreen shaikh

afreen shaikh (Querist)
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30 August 2025 I PURCHASE PROPERTY IN 2002 AND SOLD IN JAN 2025( AFTER BUDGET) WHY FORM IS NOT CALCULATING CAPITAL GAIN WITH INDEXED COST???

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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30 August 2025 Resident individuals and Hindu Undivided Families (HUFs) can still claim the indexation benefit for long-term capital gains on the sale of immovable property (land and building) if the asset was acquired before July 23, 2024.
You calculate the indexed cost and enter it

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afreen shaikh

afreen shaikh (Querist)
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30 August 2025 FORM CALCULATES AUTOMATICALLY............ITS NOT ALLOWING THE INDEXATION

afreen shaikh

afreen shaikh (Querist)
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30 August 2025 IS INDEXATION ALLOWED ON SALE OF GOLD??? IF SOLD BEFORE BUDGET???

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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31 August 2025 Yes, for sale of gold indexation allowed.

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