Capital Gain tax amount on Land Sale

Tax queries 213 views 4 replies

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)

 

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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