Capital gain

                             SALE PRICE =11,00,000

LESS:COST OF AQUISITION =913800*785/711 =1008907

SHORT TERMCAPITAL GAIN =11,00,000-1008907

                                               =91093

IF EXPENSES ANY FOR THE PURPOSE OF SALE CAN BE DEDUCTED FROM IT.

 U CANNT AVAIL 54 DEDUCTIONS AS IT IS SHORT TERM CAPITAL ASSET

CORRECT ME IF I AM WRONG

THANK U

I dont think indexation should be done as this is STCG

Rs. 11,00,000 - Rs. 913,800 = Rs. 186,200

Capital gain = Rs. Rs. 186,200

Capital gain tax = Rs. 28,768/- (Rs. 186,200 x 15.45%)

Originally posted by : Mihir
	Rs. 11,00,000 - Rs. 913,800 = Rs. 186,200 Capital gain = Rs. Rs. 186,200 Capital gain tax = Rs. 28,768/- (Rs. 186,200 x 15.45%)

agree

no indexation would be done