A single house purchased by sister on 1989 Rs.5 lacs. After demise of sister on 2015 she made will before demise , for her brother's. FMV of property on 2015 is 30 lacs. Brother's sold the above property on 2019 Rs. 40 lacs. Legal exps and other exps paid by brother Ra.7lacs. Two brothers have the LTCG ..get 20 lacs each by two cheques... Please cost
of inflation indexation calculate an
d the how can LTCG assess
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Llong term capital gain on house property
Replies (3)
Quick Summary
Get 2001 valuation and claim indexation from 2001.
Take CII of 2001 and calculate using FMV
Formula for calculation of long term capital gain
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