Q1

Suppose seller purchased building in year 2002
Value of building on time of purchase= 800000/-

He sold the property for 6000000 in 2015-16
Indexation rate for 2002-03= 447
Indexation rate for 2015-16=1081

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Q2

Suppose in last question person has salary income also of 15Lacs

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  1. Tax Practical
  2. Practical TDS (Non Salary)
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CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .