Dear sir,
I built my house that took time for 2 years that are F.Y. 1995-96 and 1996-97 and total cost of the house was 3.75 lac now I have sold the house in F.Y. 2010-11 for 17.30 lac. Please tell me what is may capital gain as I am confused about Cost Index because I don't know which F.Y. cost index is to be taken. Please help.
Dear Krishanu,
Please find attached herewith the file for the Capital Gains Tax Calculation.
Regards,
Devendra K
Sir I have a little confusion
In Your sheet CII is 385
May I know how this CII came
Cost of improvement should be caluclated taking the CII of both the years.
Say xxxx Rs(estimated amount spent in year 1) X CII of 1st Year
and then xxxx Rs(estimated amount spent in year 2) X CII of 2nd Year
Regards
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