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About ĺtcg on land

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(Querist)
29 June 2017 I have a gift deed on the land sold in 2017 for Rs 2800000. The land in question is purchased in 2011 for Rs 210000. Now what will be LTCG on that land.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
29 June 2017 1. Cost - 2,10,000

2. Indexed cost - 2,10,000 x 272/167 = 3,42,036

3. Sale value - 28,00,000

4. Capital gains - (3) - (2) = 24,57,964

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