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Q1
Suppose seller purchased building in year 2012
Value of building on time of purchase= 800000/-
He sold the property for 6000000 in 2018-19
Indexation rate for 2012-13 = 200
Indexation rate for 2018-19 = 280
| Particular | Amount |
| Full Value consideration | 6,000,000.00 |
| Less: Expenses of transfer | 0 |
| Less: Indexed cost of acquisition | 1,120,000.00 |
| Long term capital gain/ (loss) | 4,880,000.00 |
| Tax on LTCG @20% | 976,000.00 |
| Cess | 39040.00 |
| Tax+ Cess | 1015040.00 |
| Less: TDS Receivable | 60000 |
| Tax payable | 955040.00 |
Q2
Suppose in last question person has salary income also of 15Lacs
| Computation | |
| Income under the head salary | 1,500,000.00 |
| Income under the head capital gain | 4,880,000.00 |
| Gross total income | 6,380,000.00 |
| Less: Deductions | 0 |
| Net Total Income | 6,380,000.00 |
| Tax at slab rate | 262500.00 |
| Tax @20% on LTCG | 976000 |
| Total tax | 1238500.00 |
| Rebate | 0 |
| Tax after rebate | 1238500.00 |
| Cess | 49540.00 |
| Tax+ Cess | 1288040.00 |
| Less: TDS Receivable | 60,000.00 |
| Tax payable | 1228040.00 |
