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Long term capital

165 views 3 replies

Santosh jaiswal

281 Points Posted on 24 August 2020

If I had purchased a property in FY 13-14 of Rs.11500000 and sale in FY 20-21 with Rs.2000000.What will be the capital gain amount

Replies (3)

Sagar Patel

Tax and Business Consultant

11616 Points Posted on 25 August 2020

Sir, sale value written by you is 20,00,000
but I think it's 2,00,00,000/-

So, Capital Gain as per Sale value 2,00,00,000 is

Sale consideration....2,00,00,000
Less indexed cost 1,15,00,000/220*301...1,57,34,090

So LTCG is 42,65,909

Santosh jaiswal

281 Points Posted on 25 August 2020

Sir sale value is 2000000 and purchase value is 1150000

Sagar Patel

Tax and Business Consultant

11616 Points Posted on 25 August 2020

So, Sale consideration....20,00,000
Less indexed cost 11,50,000*220/301.....15,73,409
LTCG is 4,26,590/-

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