Capital gains tax on sale of residential flat

Dipesh (Finance Professional) (29 Points)

24 July 2019  

Scenario:

Residential flat purchased in the year 1984 in Mumbai. Area of the flat was 217 sq ft (20.16 sq. mt).

 

Building goes for redevelopment in 2006 and possesion of flat received in 2012. Stamp duty and registration for the redeveloped flat was paid in 2006.

 

Area of the flat received is 387.71 sq ft (36.02sq mt)

 

For capital gains calculation which years indexation value to be considered - 2001, 2006 or 2012?