Dear Sir,
I bought a land in Oct'13 for Rs 5.5 Lacs & have sold in June'19 for Rs 18.9 Lacs, pls let me know how is the Long Term Capital Gains Tax calculated
Sanjay Rao (AVP) (22 Points)
15 June 2019Dear Sir,
I bought a land in Oct'13 for Rs 5.5 Lacs & have sold in June'19 for Rs 18.9 Lacs, pls let me know how is the Long Term Capital Gains Tax calculated
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(167452 Points)
Replied 16 June 2019
Let CII index for FY 2019-20 be declares first (expected to be notified in next week).
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(167452 Points)
Replied 16 June 2019
If CII for FY 2019-20 is taken as X...
LTCG = 18.90 L ---- 5.50 * [ x/220]
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