How to calculate LTCG
This query is : Resolved
13 November 2023
A person was staying in Chawl in Mumbai which later went under redevelopment in 2013 and was provided 1 BHK flat , same is in process of being sold now.
How to calculate LTCG in such case and how to arrive at cost of acquisition ?
How to calculate LTCG in such case and how to arrive at cost of acquisition ?
CA R SEETHARAMAN
(Expert)
14 November 2023
Consider Market value of the old property as on 1st April 2001 and apply indexation.
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