Long term capital gains

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 August 2018 i had purchased a office on 6.12.1995 for 3.50.000/- and sold on 21.5.2010 for 20.00.000/- pls guide what will be my long term capital gains since amount was not reinvested or put in bond etc. what will be my tax payable and how the calculation is to be done pls help thanks

Nikhil Kaushik

Nikhil Kaushik (Expert)
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18 August 2018 first you need to get it valued as at 1 April 2002. Once the valuation is received, you need to use cost inflation index to arrive at indexed cost. The difference between the indexed cost and sale consideration is your capital gain

Querist : Anonymous

Querist : Anonymous (Querist)

18 August 2018 thank you so much-pls further guide how valuation is obtained as on 1.4.2002 and after the long term capital gain arrived what is rate of tax payable if indexation or non indexation method is applied pls guide thanks

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