CA Nagachandra Somu
1 month
Today, an elderly person approached me for an IT filing.
- Purchased a property in 2015 for ₹30,00,000
- Sold in 2023 for ₹53,40,000
Taxation for AY 2024-25:
- Indexed Cost of Acquisition: ₹41,10,236
- Capital Gain: ₹53,40,000 - ₹41,10,236 = ₹12,29,763
- Tax on Capital