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Capital gain on sale of land 2023

This query is : Resolved 

07 August 2024 sir
Mr A sale of land as on 10.12.2023 for the cost of Rs.7,20,000/- He purchases of this land as on 15.04.1987. He spent expense for land development and improvement of land for varies year for 1990, 1994, 1999, 2014, 2019 for total RS. 520,000/- He can claim of this amount for working on capital gain
thanks

11 August 2024 Check the FMV of the HP as on 01.04.2001 from registered valuer and apply indexation.


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