Capital Gain tax amount on Land Sale

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.

 

It may be around 5,25,000 to 5,50,000 with cess as LTCG apply for your property .

Urban or rural limits
Ltcg should be rs 295000 invest in nhai bonds with 6 months to claim exemption under 54f
Capital gain tax amount on tax sale.

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