Capital gains on sale of flat

Hi friends,

when we are calculating capital gains on sale of flat do we need to take into account sale value of land and Flat individually as we have to apply cost of indexation on land and depreciation on flat cost

Thank u

Replies (2)

I think it is depends upon the value at the time of purchase.

If you know the separate cost of land and Flat both at the time of purchase, and you have made a payment toward both then, you have to calculate capital gain tax separately.

Ok fine.

Actually flat is a depreciable asset.On depreciable  asset we dont apply cost of inflation index.

But many cases I have seen that they have been applying CII.

Can u pls answer this query.

 

 

 

 

 

 

 

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details