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NOTE: (for more details: http://www.indiaproperties.com/articles/taxation-legal/capital_gain.aspx)
Taxation and Legal - Capital Gains Tax For Real Estate
Sections 2, 45 to 55 under Capital Gains:
* Section 2 defines that land or house property held for not more than 36 months is Short Term Capital Gain
(STCG). Otherwise, it is Long Term Capital Gain (LTCG)
* Section 48 defines Computation of Capital Gains (STCG) = Consideration - expenses on transfer - cost of
acquisition - cost of improvement
*
LTCG = Consideration - expenses on transfer - INDEXED cost of acquisition - INDEXED cost of
improvement
* The long-term capital gains tax rate of 15% without indexation is only applicable for listed shares and
mutual fund units. For long-term gains on property, the tax rate is 20% with indexation of cost.
CHOOSE FROM
THE MENU
INVESTED IN
SHARES /
MFs
PROPERTY
PROPERTY
Purchase Price
Month & Year of Purchase (eg.
mm/yyyy)
1,000,000.00
1981
1982
COST
INFLATION
INDEX (CII)
100
Apr-1981
Mar-1982
Dec-2000
1982
1983
109
Apr-1982
Mar-1983
Sale Price
3,000,000.00
1983
1984
116
Apr-1983
Mar-1984
Jul-2009
1984
1985
125
Apr-1984
Mar-1985
8.6
1985
1986
133
Apr-1985
Mar-1986
1986
1987
140
Apr-1986
Mar-1987
1987
1988
150
Apr-1987
Mar-1988
SL. NO.
LTCG
FINANCIAL
YEAR
1988
1989
161
Apr-1988
Mar-1989
1989
1990
172
Apr-1989
Mar-1990
10
1990
1991
182
Apr-1990
Mar-1991
11
1991
1992
199
Apr-1991
Mar-1992
12
1992
1993
223
Apr-1992
Mar-1993
13
1993
1994
244
Apr-1993
Mar-1994
14
1994
1995
259
Apr-1994
Mar-1995
15
1995
1996
281
Apr-1995
Mar-1996
Purchase CII
406 1ST
16
1996
1997
305
Apr-1996
Mar-1997
Sale CII
632 1ST
17
1997
1998
331
Apr-1997
Mar-1998
1,556,650.25
18
1998
1999
351
Apr-1998
Mar-1999
Capital Gain
1,443,349.75
19
1999
2000
389
Apr-1999
Mar-2000
288,669.95
20
2000
2001
406
Apr-2000
Mar-2001
21
2001
2002
426
Apr-2001
Mar-2002
22
2002
2003
447
Apr-2002
Mar-2003
23
2003
2004
463
Apr-2003
Mar-2004
20%
24
2004
2005
480
Apr-2004
Mar-2005
15%
25
2005
2006
497
Apr-2005
Mar-2006
26
2006
2007
519
Apr-2006
Mar-2007
27
2007
2008
551
Apr-2007
Mar-2008
28
2008
2009
582
Apr-2008
Mar-2009
29
2009
2010
632
Apr-2009
Mar-2010
30
2010
2011
711
Apr-2010
Mar-2011
31
2011
2012
Apr-2011
Mar-2012
32
2012
2013
Apr-2012
Mar-2013
33
2013
2014
Apr-2013
Mar-2014
34
2014
2015
Apr-2014
Mar-2015
35
2015
2016
Apr-2015
Mar-2016
36
2016
2017
Apr-2016
Mar-2017
37
2017
2018
Apr-2017
Mar-2018
38
2018
2019
Apr-2018
Mar-2019
39
2019
2020
Apr-2019
Mar-2020
40
2020
2021
Apr-2020
Mar-2021
DESIGNED BY -
A.YOGAGURU
( yogaguru@sify.com)