full value of consideration less: exclusive expenditure for sellig property less: Indexed cost of acquisition less: eligible deductions U/s 54,B,C ect, = long term capital gain
Indexed cost:
assuming the asset is the property of the assesee before 1.4.1981 opt for actual cost / fair market value. take index of 1.4.1981 or the year of possession by the assessee(if after 1981)
deduction buy or cunstruct a house or invest in specified bonds or deposit in a bank
you can avoid capital gain by investing in another property or making deposit or purchasing specified bonds
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