Capital Gains tax on Plot purchased in 2010

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  1. PRANAB ROY

    PRANAB ROY New Member

    I want to sell a residential plot for Rs. 8 lakh which I bought in 2010. how much I have to pay as Capital gain tax.
     
  2. V K Khanna

    V K Khanna Active Member

    Your capital gain would be the difference between the sale consideration minus the cost of acquisition of the plot after indexation benefits.

    The Long Term Capital Gain would be taxed @ 20%.
     
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