I purchased plot in 2001 and constructed bungalow in 2015. How can I calculate capital gain
I purchased plot in 2001 and constructed bungalow in 2015. How can I calculate capital gain
Yes. I have sold my house now and so I want to calculate capital gain.
Cost of acquisition will be amount paid for land purchase in 2001. & cost of improvement will be amount spent for construction of building in 2015. Indexation benefit can be availed.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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