How to calculate capital gain tax amount?
Hey Friend,
There are two types of capital gains: long terms capital gains and short term capital gains. When you purchase a property and sell it within 3 years it will be considered as short term capital gains. If you sell your house after 3 years of purchasing it is considered a long term capital gain. We have to consider different factors such as indexed cost of acquisition. I will provide you the formula for indexed cost calculation.
Index acquisition cost calculation = Purchase price of the property x CII of the financial year in which property was sold / CII of purchase year of the propertyWith the help of this formula you calculate your capital gains.
I hope know now how to calculate capital gain tax amount.
How To Calculate Indexed Cost Of Acquisition?
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Authors Of The Question
How to calculate capital gain tax amount
Dewang Palkar
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1 Answers
3 Year
2021-12-13T10:18:35+00:00 2021-12-13T10:18:36+00:00Comment
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