MY FATHER HAVE PURCHASE LAND IN THE YEAR 1980 BY RS. 900/- AND BUILD A HOME IN THE YEAR 1987 BY EXPENDING OF RS. 50000/- NOW ON 24.06.2017 THE PROPERTY SOLD AT RS. 5000000/-, NOW HOW TO COMPUTE CAPITAL GAIN FOR THE ASSESSMENT YEAR 2018-19
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Long term capital gain
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Get valuation certificate from Government approved valuer of the property, as of dated 01.04.2001. Based on the valuation, you can arrive at LTCG.............
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