Capital Gain on sale of land.......

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This discussion clarifies how to calculate the cost of acquisition for land when determining capital gains tax. It explores whether expenses like stamp duty, registration fees, and brokerage should be added to the original purchase price. The correct calculation ensures accurate capital gains tax liability is determined.

Gourav dewangan

Gourav dewangan (Querist)
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09 August 2024 Suppose I purchased a land for Rs. 10,00,000. Stamp duty and registration charges by me for Rs. 1,00,000. Brokerage paid by me for Rs. 10,000. After 2 year I sold this land for Rs. 15,00,000.
What is cost of acquisition of land for calculating capital gain. Weather it is 10,00,000 or 11,10,000 (10,00,000+1,00,000+10,000) or 11,00,000 (10,00,000 +1,00,000) or 10,10,000 (10,00,000+10000) ?