LTCG on property sale

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19 Points Posted on 02 April 2021
We had purchased a property with house in 1991 for 1.5 lacs. What would be the ideal price which will not attract
LTCG . Property is located in Kollam,. Kerala
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On 02 April 2021 at 12:30 Report
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This discussion explores Long Term Capital Gains (LTCG) tax on a property purchased in 1991 for ₹1.5 lacs in Kollam, Kerala. The key question is determining a sale price that avoids LTCG. It's suggested that a sale consideration of ₹433,500 or less might not attract LTCG. To calculate the indexed cost of acquisition, one should consider the higher of the purchase cost or the fair market value as of 01/04/2001.

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93 Points Posted on 02 April 2021
If sale consideration is 433500 or less than that , then no ltcg
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On 02 April 2021 at 14:49
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19 Points Posted on 02 April 2021
So low.?
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On 02 April 2021 at 15:06
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CMA
13117 Points Posted on 02 April 2021
In order to arrive at indexed cost of acquisition, you may consider cost of purchase or fair market value as on 01/04/2001, whichever is higher.
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On 02 April 2021 at 15:54

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