Chartered Accountant
861 Points
Joined June 2012
Purchased in the FY 2009-10
Asset sold in the FY 2016-17
Nature : Long term capital Asset
Sale consideration 13,20,000
Less: Brokerage/transfer expenses xxxxx
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Net Consideration 13,20,000
Less: Indexed cost of Purchase
5,50,000/632* 1125 9,79,035
Cost of Improvement
(Index it taking the year of improvment as base)
Use the old table, having FY 1981-82 as base
4,00,000/index*1125 xxx
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LONG TERM CAPITAL GAIN xxxxxxx