banner_ad

How to calculate long term capital gains

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
26 September 2012 I purchased a plot in the year Sept.1999 cost of which was Rs.153500/- (including cost of registry) Thereafter, I constructed a residential house over the said plot cost of which was 575000/- + 80000/- being construction of Borewell etc.
Total Cost thus incurred Rs.808500/-. Now I wish to immediately sell the above house and expected realisable cost will be around
22 Lacs. Please advice me how to calculate the LTCG in this regard and rate of tax.
Please do me a favour by replying at an earliest.
Profile Image

Nitesh Parmar

Profile Image

Nitesh Parmar (Expert)
26 September 2012 Deduct index cost of acquisition and cost of improvement with indextation and calculate tax @ 20%+3%
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details