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long term capital gain on sale of land

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 pranesh asked over 3 years ago

how to calculate long term capital gain on sale of land?

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2 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered almost 3 years ago

Long term capital gains are calculated as follows Full value of consideration XXXX Then LESS all the expenses incurred for such transfer/sale XXXX LESS indexed cost of acquisition XXXX LESS indexed cost of improvement XXXX

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 lochan answered over 3 years ago

**LONG TERM CAPITAL GAIN ON SALE OF LAND** Hi, Long term capital gains are calculated as follows Full value of consideration XXXX Then LESS all the expenses incurred for such transfer/sale XXXX LESS indexed cost of acquisition XXXX LESS indexed cost of improvement XXXX GROSS LTCG XXXX Then LESS exemptions if available any XXXX NET LTCG XXXX Thanks :)

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