Capital gain

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S M Basha (Querist)
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19 September 2013 Sir,

How can I work out the capitalgain with indexcost.Please give me on exaple. Assume a property purchased on 2009 for Rs. 2.5 lakhs and sold out for Rs. 4lakhs in 2011 How can calculate the net liability.

Thanking you

CA Pallav Singhania

CA Pallav Singhania (Expert)
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19 September 2013 Sale Consideration : 400000

less:

Cost of Acquisition : 250000

Short Term Capital Gain : 150000

Asset other than shares and securities sold within 36 months then no indexation, its called short term capital gain...