Long term capital gain

Ravi (Self Employed) (70 Points)

14 March 2018  

Dear Experts,

We are 4 brothers. Recently in the financial year 2017 we sold an ancestral property.

Following are the details

Agreement value in 1992 ₹400000/-

Agrement value in 2017 ₹ 3900000/-

Market Value in 2001 ₹925000/-

This property was bought in 1992 & sold in 2017.

Please advise how much capital gain tax each brother has to pay individually.

Thank you.