LTCG for Assmt year 26-27
This query is : Resolved
25 June 2026
Sir
My relative sold a land for 1400000 on12.8.25 purchased on 5.1.2007 @ 5100000/- He again purchased 2 vacant land 1) for Rs 2800000/- 2) 2495000/- how to calculate LTCG please sir any taxable amount is there ? how much ?
With Regards
S M pasha
My relative sold a land for 1400000 on12.8.25 purchased on 5.1.2007 @ 5100000/- He again purchased 2 vacant land 1) for Rs 2800000/- 2) 2495000/- how to calculate LTCG please sir any taxable amount is there ? how much ?
With Regards
S M pasha
25 June 2026
With the figures shown (Purchase ₹51 lakh, Sale ₹14 lakh), there is no LTCG and no tax liability; instead, there is a substantial long-term capital loss after indexation. However, the amounts seem inconsistent and should be rechecked before finalizing the return.
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