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Capital gains

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one of land purchase in the year 1984, now this property is sold on Feb 2020
how to calculate capital gains ?

can I calculate capital gains as per index year 1984-2000 and thereafter 2000-2020 in two calculation?
plz guide me
Replies (3)

As per new  Indexation  Chart  from 2001-2002  =  100

For  year  of   property sold   2020-21                  =   301

You have purchase in 1984 , so as new Index chart  you have take base year as 2001 

Just  confirm  form  Income Tax web site - www Incometax .gov.in 

So I can calculate with consider index value 100 for the year 1983-84

No , you have to find out  the value of  property  from  registered  valuer in 2001  and then consider Index value  100  for year 2001-2002 as a base . 


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