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LTCG on industrial property.

This query is : Resolved 
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(Querist)
20 May 2022 Constructed building on industrial plot in 2010 . Cost of construction only ( Plot cost extra) 22 LAKHs
Sold in April 2022. Depriciated value as on 31.03.2022 is 7.5 Lakhs.
For calculation of LTCG, cost of Plot will be as per cost index. What will be the building cost 22 Lakhs or 7.5 Lakhs.
K B Garg
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
21 May 2022 For plot adopt indexed cost. For building it's 7.50 lacs book value.
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