Suresh Thiyagarajan (Student) 15 July 2019
1. Indexation chat has been revised and as per new indexation chart Capital gains will be computed taking 2001 as a base year for determining the Indexed COA.
2. As per indexation COA in the year 2018-19 will be Rs. 22,40,000 (8,00,000*240/100). Hence in the given case, there will be a long term capital loss of Rs. 7,40,000 (15,00,000-22,40,000)
3. This Long term capital loss of Rs. 740,000 should be taken should be shown in your return. ITR -2 can be used.
Please correct me if the above solution has an alternative view.