Procedure capital gain & period of holding
This query is : Resolved
22 August 2017
Agricultural land was purchased on 17-4-2008 ,and this is converted to non agriculture land on 25-6-2015 and it is sold in PY 16-17 , so how to compute capitl gain
cost of Agriculture land- 820000
sale value of non agriculture land is 2000000
cost of Agriculture land- 820000
sale value of non agriculture land is 2000000
22 August 2017
calculate period of holding from 17/04/2008.
you can use indexation.
you can use indexation.
23 August 2017
Sale consideration 2000000
Less : indexed cost of acquisition 1580146
Long term capital gain 419854
Less : indexed cost of acquisition 1580146
Long term capital gain 419854
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