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Capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 March 2016 Dear Sir,
Suppose a property was purchased in 1975 for Rs. 15200/- and sold in the year of 2015. What is the formula to calculate indexed cost of acquisiton on Rs. 15200/-

Please clarify.
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Ankur Singhal

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Ankur Singhal (Expert)
25 March 2016 Dear
To calculate the indexed cost you can take the fair value of the property as on 01/04/1981, if available
otherwise
15200/100*1081 = Rs 164312/-
Similarly you can index the cost of improvement made during any year between 1981 to 2015.
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