I have LTCG from a house property purchased in 1980. The capital gains tax is lower if I use indexed cost. For calculating Gross Total Income, should I use this capital gains or the one obtained using unindexed cost? Any references would be most helpful. Thanks.
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Gross total income
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To calculate Gross Total Income, use the capital gains computed with the indexed cost option (if eligible and optimal for properties acquired before July 23, 2024), as this reflects the correct taxable capital gains figure under the law.
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