Calculate capital gains

Indexed cost of acquisition would be 50,09,000 and your sale consideration is 13850000 so capital gain would be 8840000 and capital gain tax on same @20% would be 1769000.

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Thank you

Hi,

Hope you are doing well !

It is a long term capital gain.

To calculate the long-term capital gains tax payable, the following formula is to be used:

Long-term capital gain = full value of consideration received or accruing – (indexed cost of acquisition + indexed cost of improvement + cost of transfer), where:

Indexed cost of acquisition = cost of acquisition x cost inflation index of the year of transfer/cost inflation index of the year of acquisition.i.e.Rs. 50,09,174/-.

Indexed cost of improvement = cost of improvement x cost inflation index of the year of transfer/cost inflation index of the year of improvement.

Capital gain would be RS 88,40,825/-.(1,38,50,000-50,09,174)

And the amount of capital gain tax would be 20.8% of RS 88,40,825/- i.e. 18,38,891/-.

Thanks & Regards,

Payal Chhajed

Hello Sir

Your capital gain will be calculated as follow:

Sale consideration less indexed cost of acquisition [1,38,50,000-(19,50,000×280÷109)]

Capital gain =88,40,825/-

Tax on long term capital gain is 20.80% i.e. 18,38,891/-.

Thank you

Hi,

- LTCG would be Rs 88 lacs and tax would be Rs.18.304 lacs

Thanks

You capital gain would be around 88.40 lacs. You will have to pay tax and surcharge @22.88% on this which works out to be 20.22 lacs.

You can save taxes by taking deductions u/s 54 to 54G

Hi,

Indexed cost of acquisition ia 19.5*280÷109=50.09 lakhs.

Capital gains = 1.385cr - 50.09 lakhs = 88.4 lakhs

Capital gains tax = ~18.4 lakhs

You can reinvest the capital gains in a residential property or in capital bonds to get exemption from the capital gains tax.

Regards,

Nikhil.

Hi

The capital gains come out to be 8840825.

Taxes shall be applicable@20% plus 10% surcharge plus 4% cess. So the effective rate of tax shall be 22.88%.

Taxes would be 2022780.

Please note you'll have to pay the advance tax to avoid the interest liabilities on non payment of advance tax.