my property purchase in year 2002 RS.4.00lacs and I am sale property in year 2017 RS. 50lacs
query is how much long term capital gain tax
Menu
long term capital gain tax
Replies (1)
Computation of Long Term Capital Gains F/Y 2017-18
TABLE
| Sl. No. | Financial Year | Cost Inflation Index |
| (1) | (2) | (3) |
| 1 | 2001-02 | 100 |
| 2 | 2002-03 | 105 |
| 3 | 2003-04 | 109 |
| 4 | 2004-05 | 113 |
| 5 | 2005-06 | 117 |
| 6 | 2006-07 | 122 |
| 7 | 2007-08 | 129 |
| 8 | 2008-09 | 137 |
| 9 | 2009-10 | 148 |
| 10 | 2010-11 | 167 |
| 11 | 2011-12 | 184 |
| 12 | 2012-13 | 200 |
| 13 | 2013-14 | 220 |
| 14 | 2014-15 | 240 |
| 15 | 2015-16 | 254 |
| 16 | 2016-17 | 264 |
| 17 | 2017-18 | 272 |
SALES CONSIDERATION 50,00,000
LESS :: COST OF ACQUISITION 10,36,190 (4,00,000*272/105)
TAXABLE L.T.C.G 39,63,910
ASSUMING SALE IN THE FINANCIAL YEAR 2017-18
Recent Threads
- Capital Gains from Cancelled Residential Project
- Import of goods data in IMS
- GSTr 9 24-25
- Change HSN
- TDS ISSUE ( DIFFERENT SECTION )
- Company strike off with loan waiver accounting iss
- Board resolution for authorization for GST
- Invoice related audit
- Gst input credit related
- Updated ITR as missed the dead line
Related Threads
CAclubindia
