Capital Gain (LTCG)

A plot purchased in the year 1981 and the same is sold in the year 21-22

how can I consider Purchase price for Indexation Purpose....??

How is capital gain tax be calculated..??
Replies (2)
Quick Summary
This discussion addresses how to calculate Capital Gains Tax (LTCG) for a property purchased in 1981 and sold in FY 2021-22. The key advice is to use the circle rate of the plot as on 01.04.2001 from the sub-registrar's office as the cost of acquisition for indexation purposes, with an index of 100.

Take circle rate of the plot as on 01.04.2001 from the office of sub-registrar of the area.

Take it as your cost of acquisition of the plot in FY 2001-02, index being 100.

What about fair market value?

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