Capital gain

Try to find out the fair market value of the property in the year 1981.

Sale consideration= Rs. 28,819/-

Indexed cost of acquisition= Rs. 300 x (939 / 100) = 2,817/-

Long term capital gain = Rs. 28,819 - 2,817/- = 26,002/-

Long term capital gain tax = Rs. 26,002 x 0.203 = 5,278/-

Originally posted by : Mihir
	Try to find out the fair market value of the property in the year 1981. Sale consideration= Rs. 28,819/- Indexed cost of acquisition= Rs. 300 x (939 / 100) = 2,817/- Long term capital gain = Rs. 28,819 - 2,817/- = 26,002/- Long term capital gain tax = Rs. 26,002 x 0.203 = 5,278/-

please send me the details of the tax rate mentioned above 0.203 , i have not examined this rate 

please suggest me how to calculate capital gain without indexsation for Rs. 215000/- , the property sold by son after death of his father & the purchase value of the property do not traceable.

Long term capital gain tax rate is 20% + cess