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Capital gain tax

Tax queries 449 views 1 replies

How to calculate capital gain tax on sale of residential property?

 Can you please explain how the indexation factor is calculated?

Replies (1)

Sale Consideration                                               XXXXXX

Less: Brokerage / Commission Paid                        XXXX

Net Sale Consideration                                          XXXXXX

Less:

1. Cost of Aquisition                            XXXX

( Apply indexation in case of Long Term)

2. Cost of Improvement                         XXXX

( Apply indexation in case of Long Term)

3. Any Other expenses Incurred             XXXX       (XXXXXX)

CAPITAL GAIN                                                     XXXXX

 

This is the easiest way .. cheeky


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