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QUERY RELATED TO INDEXATION ON SALE OF IMMOVABLE PROPERTY

This query is : Resolved 
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(Querist)
22 September 2022 My Query is that whether any Taxpayer who has earned Long Term Capital Gain / Long Term Capital Loss from the sale of a immovable property can pay tax without taking the benefit of indexation on the purchase value of the property.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
23 September 2022 Yes you can do it no problem.
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Komal

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Komal (Querist)
25 September 2022 When I proceed to file the long term capital gain on the immovable property in the ITR then the ITR does not give any option to claim the cost without indexation since the ITR mechanism automatically calculates indexed cost upon the basis of date of sale & purchase. So please tell me the manner how to claim the cost without indexation in the ITR.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
25 September 2022 Give date of purchase three years prior to sale date indexation will be done for short period.
Submit grievances they will allow you to file without indexation.
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