Long term capital gain calculation

Indexation cost will be in three parts A) Land B) Structure Constructed C) Improvement of structure

Step 1 is to calculated the indexed cost of Land. Since it is gifted to you  three rules come  in   

 a) Date of acquisition by donor is the date of gift receiver - o if your father acquired the land in 1990 then indexation starts  from 1990

 b)  Cost of acquisition of donor (your father) is the cost of acquisition for donne ( gift recipient )   Let us say your father acquired the land for Rs  75000

c)  Indexation from the date of acquisition by the donor shall be taken i.e 1990.   

     so for  land part  calculate the indexation cost.

Step 2 :- Calculate indexation cost on 33lk from 2011 on structure on land

step 3:- Calculate indexation cost on 1.25lk from 2012 on improvement.

Calculate total  indexation cost  step1 +step 2+ step 3 =A

From selling price deduct  brokerage cost and indexed cost  A.