Long term capital gain calculation of purchase cost
This query is : Resolved
04 September 2025
My client purchased a land in 2008, but they registered it in someone else's name as the issue of SC land was involved. So, they purchased it for Rs. 5 lakh. Now, in 2017, they made an agreement with that person and paid Rs. 10 lakh to him that they will settle down it for Rs. 17 lakh. And Rs. 7 lakh was left. Now, in 2025, if they want to transfer it in their own name or they sale that property, how much will be the long-term capital gain and what will be the impact? Can the cost of agreement that is Rs. 10 lakh or Rs. 7 lakh be included in purchase cost?
04 September 2025
All the transfer documents need to be verified, but from the available information capital gains should be calculated based on Rs, 17 lakhs paid in 2017.
20 September 2025
Good Luck..
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