Computation of capital gain on property

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I had a client which has purchase the property on 1/4/80 for Rs 73690.he sold 1/3rd of such property for Rs35lacs in 15-16.what will be the capital gain on it?
Replies (2)

CAPITAL GAIN WILL BE AS -

SALE = 35L

(-)ICA - (COST TO THE ASSESS FOR SUCH 1/3rd part * 2015-2016 Indexed no)/index no on 1980-1981

 

Agree with Mr.Harshit


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