SURCHARGE CALCULATION

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Hi, 

Asseesee has Rental and Interest income totalling to Rs 19,00,000. 

Residential Property bought before 24th July 2024 for Rs 38,00,000 was sold in 2025-26 for Rs 75,00,000. 

54 EC Bonds bought for Rs 5,00,000, 

Indexed cost is 63,80,000. 

While the actual capital gain is Rs 37,00,00, Capital Gain with Indexation is only 11,20,000. 

While filling ITR online , although the income tax is computed correctly on  19,00,000+(11,20,000-5,00,000) but surcharge is applied by adding (37,00,000-5,00,000) on Rs 19,00,000 . 

Is that correct , surcharge will be payable ? 

 

 

 

 

Replies (1)

Yes, correct. For surcharge calculation actual LTCG is considered without indexation.

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