For FY 2025-26, I had transferred Land for which both options were available to me that is opting for indexation benefit and pay Capital Gain Tax @ 20% or Opting out of indexation and paying tax @ 12.50 %,
Opting for Indexation Benefit would be beneficial option for me.
For Calculating my Total Income and Income for Rebate purpose for FY 2025-26, My Total Income i.e (income from PGBP + Income from Capital Gain) Thus Indexation Benefit would be available to me on my capital gain income for calculating total income and rebate.
CAclubindia
