SEO Sai Gr. Hosp.
196537 Points
Joined July 2016
For plot or immovable property, Long Term capital gains is calculated only based on indexation with 20% tax. The other option not applicable.
Generally, long-term capital gains are charged to tax @ 20% (plus surcharge and cess as applicable), but in certain special cases, the gain may be (at the option of the taxpayer) charged to tax @ 10% (plus surcharge and cess as applicable). The benefit of charging long – term capital gain @ 10% is available only in following cases :
1) Long-term capital gains arising from sale of listed securities and it exceeds Rs. 1,00,000 (Section 112A);
2) Long-term capital gains arising from transfer of any of the following asset:
a) Any security which is listed in a recognized stock exchange in India;
b) Any unit of UTI or mutual fund (whether listed or not) and
c) Zero coupon bonds
Refer:: incometaxindia/tutorials/20 ltcg