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GSankarraman   08 December 2022

Capital gains

I paid a sum of Rs 19500 to a housing cooperative society for the purchase of a land. But the matter took 25 years for the society to prepare the layout and allot a housing plot to me. I was allotted a plot measuring 1528 square feet in January 2014; it was stated in the sale deed that the market value of the plot was then Rs 3850000. I sold the plot in august 2022 for a consideration of Rs 4800000. Is the difference between the market value in 2014( which was 3850000) and the sale value now ( which is Rs 4800000) to be taken for assessing capital gains tax or the difference between the sum of Rs 19500 paid to the society and the sale  value of Rs 4800000, to be taken



 5 Replies

Adv. Shrey Shah (Advocate)     08 December 2022

Where is the land located?

kavksatyanarayana (subregistrar/supdt.(retired))     08 December 2022

On the value of Rs.4800000/-.

GSankarraman   08 December 2022

No, my question is, is the difference between 4800000 and 19500, or that between 4800000 to be taken into account for arriving at the capital gain?


Sidhhi   09 December 2022

Capital gain will be long term capital on the profit made by you ie selling price - purchase price. Please consult a CA if you have option of indexation.

York Damon   28 December 2022

The difference between the selling price and the buying price is your capital gain, and it will be invested for the long term. If indexation is an available option, it is recommended that you seek the slime rancher 2 advice of a CA.

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