Sale of Property after 20 years

Is the date of purchase is after 01.04.2001 or before 01.04.2001 ?

Around 6lacs income tax has to be paid

After Apr 2001

40lacs
- (4lacs * 330/100)

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Approximately 26.8lacs is the capital gain

Tax @ 20.8%

5.57lacs is the estimated tax to be paid

330/- is the expected index number for current FY#2022-23

Ashu there is some other things you have to analyse first whether you have constructed any building on the land if it is yes you can add cost of improvement and indexation on cost of improvement can also be claimed and there is another exemption that if you invest that money on purchase of another land within two years deductions can also be claimed in that. contact me at mrgstconsultancy @ gmail.com ill help u regarding the same