pranesh
asked
how to calculate long term capital gain on sale of land?
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narahari
answered
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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lochan
answered
**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
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