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Capital gain

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(Querist)
22 June 2015 If urban agriculture land is purchase partly on Sep 2010 and party on Oct 2012 and sold on April 2015. Then how to tax the same???
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
22 June 2015 For the portion of the land purchased on Sept 2010 long term capital gain tax at 20% is payable after deducting indexed cost. For the part purchased during Oct 2912 it is short term capital gain taxed at applicable slab rates.
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Rupesh Jain

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Rupesh Jain (Expert)
22 June 2015 you have to calculate the period of retain from date of buy to sale.

and you can get indexation benefit on the long term part.
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