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Capital Gain tax amount on Land Sale

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Praveen Raju

21 Points Posted on 10 October 2023

Land Purchase Date : May 2012

Land Purchase Price : 3.34 Lakhs , Registration Paid around on 3.34 Lks

Land Sellng Date : Oct 2023

Land Selling Price : 32Lakhs

What will be the capital gaiin tax will be calculated with indexation .

How much it will come as capital gain where we have to pay the tax.

Replies (4)

Quick Summary

This discussion explores the calculation of Capital Gains Tax (CGT) on the sale of land. It details the purchase date and price, selling date and price, and how indexation affects the taxable gain. The user is seeking to understand the exact CGT amount, including potential cess, and how to claim exemptions, possibly by investing in NHAI bonds under section 54F.