Capital gain tax on ver old property

You have to pay capital gain tax of house, howsoever old, when you get any capital gains by its sell..

The tax liability gets reduced due to indexation; in your case based on April 2001 cost.

You have to pay capital gain tax of house, howsoever old, when you get capital gains by its sell.

The tax liability gets reduced due to indexation; in your case based on April 2001 cost.