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Capital Gain Computation

Mode of Computation of Capital Gains in respect of transfer of Immovable property:

Section 48 of the Income-tax Act, 1961 provides for mode of computation of capital gains. This is explained in form of illustration as under: - by A M B JAIN & CO.

Capital Gain Computation

Full Value Consideration	9,50,000/-
Stamp Duty Valuation	10,00,000/-
Sales consideration or Stamp Duty valuation as per Sec 50 C, whichever is higher	10,00,000/-
Less: Expenditure incurred wholly and exclusively In connection with such Transfer	(50,000)
Net sales Consideration	9,50,000/-
Short Term Capital Asset \ Long Term Capital Asset
Less: Cost of Acquisition \ Indexed Cost of Acquisition	(4,50,000)
Less: Cost of Improvement \ Indexed Cost of Improvement	(3,00,000) \| (7,50,000)
Taxable Capital Gains	2,00,000

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