There are two types of capital gains: One is long term capital gain and the other is short term capital gains. The interest earned on sale of property is known as capital gain. And if you earn some profit out of a property you will need to pay a tax. This is known as tax gain. If you purchase a property and sell it within 3 years it is known as long term capital gain. If you purchase a property and sell it after 3 years it is known as long term capital gains. The formula to calculate capital tax gains is:
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 property
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How to calculate capital tax gain?
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How to calculate Capital gain and tax?
N kumari
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2022-10-31T09:52:58+00:00 2022-10-31T09:53:00+00:00Comment
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