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
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).
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