Sir, my mother purchased a land in 1977 and constructed house for Rs. 4200/-. Now in august,2011 she sold it for Rs. 22,80,000/-. What should she pay as capital gains tax murthy asked Nov 10 '11 at 17:30 by murthy 1●1 |
Capital gains and income tax would be computed using below provided method: Purchase Year = A Sale Year = B Indexed Purchase price = P x (Y/X) = R answered Nov 11 '11 at 09:41 by Pankaj Batra 5.2k●3●20 |