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Computation of capital gain on property
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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