Long term capital

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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
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On 24 August 2020 at 22:45 Report
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Quick Summary
This discussion clarifies how to calculate long-term capital gains (LTCG) on property sales. It provides examples for calculating LTCG based on different sale values, factoring in the indexed cost of acquisition. The key is to use the correct sale consideration and apply the Cost Inflation Index (CII) to the purchase price for an accurate gain calculation.

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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
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On 25 August 2020 at 07:33
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281 Points Posted on 25 August 2020
Sir sale value is 2000000 and purchase value is 1150000
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On 25 August 2020 at 07:52
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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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On 25 August 2020 at 08:31

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