LTCG on property held for 40 years

I am planning to sell my property constructed in 1987 in 2025-26 and pay tax without benefit of  indexation. My question is what is the initial cost...actual cost in 1987 or FMV as on 01.04.2001? Thanks in anticipation of clarification.

Replies (2)
Quick Summary
This discussion addresses Long Term Capital Gains (LTCG) tax for a property purchased in 1987 and planned for sale in 2025-26. The core question is whether the initial cost for tax calculation should be the actual purchase price from 1987 or the Fair Market Value (FMV) as of 01.04.2001, especially when indexation benefits are not available. Clarification is sought on which cost basis is most advantageous for the seller, with a mention of potential benefits under Section 54F.

You can accept either of them, whichever beneficial to you.

Reply avail benefit of sec 54f

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details