Long term capital gain

Sale consideration = Rs. 50,00,000/-

Less

Cost of acquisition = Rs. 7,69,672/- (200,000 x 939/244)

Long term capital gain = Rs. 42,30,328/- or 42 lacs

You are required to invest 42 lacs to save tax. Either invest in another property or in infra bonds. 

thank you sir.

How to apporoach this 939/244 formula. Kindly guide regarding this.

Cost inflation index or CII

CII for 2013-14 is 939

CII for 1993-94 is 244.

https://cadiary.org/cost-inflation-index-capital-gain/

thanks a lot sir

Sale Cosideration :                   50,00,000

Less: Indexed cost of Acquition : 7,69,672.1(2,00,000*939/244)

                                             -----------------------

  Capital gain                                42,30,328

                                              ------------------------

Actual Cost acquired 

----------------------------------*Cost Inflation Index in the year of sale(X){ 939}

Cost inflation index in the year of purchase(Y){244}

(if it is acquired after 1.4.1981) 

if  the house property acquired before 1.4.1981 then in the place of (Y) you have to consider Cost Inflation Index(CII) as 100