Capital gain
This query is : Resolved
Querist : Anonymous
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.
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.
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.
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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