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Calculations for capital gain

Others 253 views 4 replies
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 .
Replies (4)
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
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)

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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