Dear Sir, I purchased (Cost value 25000) a land on 22/6/1982 and I sold it on 12/08/23. for which year I consider indexation cost. Sales price 95000/.Pls..
Replies (4)
Quick Summary
This discussion addresses the calculation of indexation cost for land sales. The user purchased land in 1982 and sold it in 2023, seeking clarification on which year to apply indexation. They also inquire about using the circle rate as the Cost of Acquisition (COA) as of April 1, 2001, to accurately determine capital gains tax.