inflation index chart is available from
1981 - 2017 , how to calculate capital gain if plot is purchased in the year 1995 @ 1500000 & sold in the year 2022 @ 22500000 .
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Calculations for capital gain
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Quick Summary
1)take valuation report as on 1/4/2001 from redg. income tax valuer.
2) calculate indexation....after considering expenses on sale and improvement cost on land
3) subtract sale value from index cost
2) calculate indexation....after considering expenses on sale and improvement cost on land
3) subtract sale value from index cost
New indexation chart available from 2001-2002 to 2022-2023
You need to take FMV as on 01.04.2001 for valuation (you can also use value 15 lakhs and indexed value will be 15lakhs*317/100)
You need to take FMV as on 01.04.2001 for valuation (you can also use value 15 lakhs and indexed value will be 15lakhs*317/100)
What if valuation as on 1/4/2001 is more than 15 lakhs??.
Valuation report is must to prove higher value
Just an advice to use if value not availabr
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