Dear Friend
I need your help to just check that below mentioned Capital Gain Calculation regarding sale of Land is Correct or not . Mainly realted to 54 F exemption.
| Particulars | amount | |
| Sale of Land -26/03/2012 | 9200000 | |
| Less : Index Cost (Purchase Date 01/04/1981 Value : 206380 ) | 1620083 | |
| Net Gain | 7579917 | |
| Less : Investment in 54 EC Bond 01/06/2012 | 3500000 | |
| Less : Deposit in Capital Gain a/c for 54 F Benefit (Rs.28 lacs) LTCG/sale consideration * amount depositfor 54 F benefit 7579917/9200000*2800000 | ||
| 2306931 | ||
| Net Taxable Income | 1772986 |
CAclubindia
