05 April 2017
Hi Sonali, There is no provision in Income tax act with regard to Redeveloped property. Capital Gain tax will be calculated normally according to the below formula: Capital Gain is calculated by deducting the sum of the following costs from the final sale price of the house: Indexed Acquisition Cost Indexed House Improvement Cost Transfer Cost May connect me on manish.saxena@icai.org
CAclubindia
