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Computation of Capital Gain on Sale of property

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robinsingh

student

35 Points Posted on 12 July 2022

As per details, I have

Sale consideration - 8 crore

date of sale F.Y.- 2021-2022

Date of purchase of property- 2004

Allotment letter 5/6/2005 value of purchase- 2 crore ( payment is made is various installment dates)

Possession letter 9/12/2010 value -3crore

other improvement and repair

A/c fitting 2011 - 150000

painting-2012 -50000

stamp duty brokerage- 2010- 100000

please help me compute this capital gain

Thanks

Replies (1)

Aashok Kumar Sharma

Finance/Compliance Consultant

69816 Points Posted on 04 July 2026

Summary: By indexing your acquisition costs (from 2005) and improvement costs (from 2011/2012) using the relevant CII, your total indexed cost is approximately ₹5.47 crore. This results in a taxable long-term capital gain of approximately ₹2.53 crore, which would be taxed at 20% (plus applicable surcharge/cess).