Capital gain

For calculation of capital gain total sale Rs.400000 and calculate indexation according to the date of different person sale

Capital gain should be calculated for different properties each valuing 200000 rupees accordingly by taking indexation values

First of all you calculate Plot value of each part of the plot by dividing 200000 into number of parts. If sub-plots are say 4 then each sub-plot is of value 50000/-

Now you calculate capital gain accordingly . Apply indexation.

Capital gain arises on transfer or sale of capital asset

SEC 2(14) defines capital asset as property of any kind which is moveable tangible or intangible held by an assesse including property of his business or profession any securities held by a foreign institutional investor in accordance with sebi regulations but excludes certain specified assets.

Now here the querist wants to know capital gain on transfer of land.
Capital Gain arises on transfer of capital asset.
please mention dates.
its essential to be more accurate.