Cap Gains

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  1. Shiridi

    Shiridi New Member

    If I sell a prop for about 2 Cr.The 81 value of building was 53,000 and land value 75,000/I have made improvements to the tune of 5 lakhs in the year 94 - 95

    Please could you let me know waht would be my capital gains?

    Thanks
     
  2. V K Khanna

    V K Khanna Active Member

    Your capital gains would be the sale consideration minus the cost of acquisition of the asset after applying indexation benefits both on the value of the building including the improvement cost and the land value.
     
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