Current sale value of land is per acre 36,85,000.00 in 3.36 acres each have 1.68 acres X 36,85,000.00 + other value total sale receipt rs 1,24,85,000.00/2 =62,42,500.00
So each recived 62,42,500.00. calculation of C G Tax liability.
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Capital gain tax liability calculation
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Quick Summary
From sales value deduct the indexed cost of acquisition
Please reffer to my answers to related capital gains ,given in forum
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