Sir i have purchased land and i have made 50 shops in it out of which 30 shops have been sold now how to calculate capital gain
please suggest
Capital Gains Calculator
Calculating capital gains tax can be done using one of the online tools designed for the purpose. When calculating capital gains tax using a calculator, the following information is to be entered:
Calculate Capital Gains
- Sale price.
- Purchase price.
- Details of the purchase such as the date, month and year of the purchase.
- Sale details such as the date, month and year of sale.
- Investment details, if any. The capital gains could have been invested in shares, debt funds, equity funds, real estate, gold or fixed maturity plans.
Once you have entered the information, the following details will be generated towards the calculation of your capital gains payable:
- The type of investment.
- Type of gain (whether short or long-term).
- Cost inflation index of the year of purchase.
- Cost inflation index of the year of sale.
- Difference between the purchase price and sale price.
- Time between the purchase and sale.
- Purchased index cost.
- Long-term capital gain without indexation.
- Long-term capital gain with indexation.
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