Long Term Capital Gain Tax Indexation Chart

Long term capital gain tax indexation chart Long term capital gains from property is taxed at flat rate of 20 after taking indexation in account. You should have held your property or unlisted shares for at least 24 months and other assets i e.

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Every financial year cbdt central board of direct taxes will notify cii value for that year after taking inflation into account.

Cii is very useful to calculate long term capital gain tax. Capital gains is the profit that you make from selling an asset which can be real estate jewellery stock etc. Is a long term capital asset and hence gain of rs.

Ltcg up to rs 1 lakh per person in a financial year will be exempt. Section 48 of the indian income tax act 1961 defines the index as notified by the government every year. The gains earned on such long term capital assets would be regarded as long term capital gains and attract a tax known as a capital gain tax on them.

Capital gain on such sale amounted to rs. There is education cess of 3 effectively taking tax to 20 6. Cost inflation index is a measure of inflation used to calculate long term capital gains from sale of capital assets.

Use this tool to calculate applicable capital gain tax on your investment sold in financial year fy18 19. Capital gain sales consideration indexed cost of acquisition. Read more long term capital gain tax calculator in excel.

Indexed cost of acquisition actual purchase price index in year of sale index in year of purchase if the property is purchased before 2001 then you need to get the fair market value of the property in 2001 and. Starting from april 1 2018 sale of shares and equity oriented mutual funds held for one year or more will attract long term capital gains tax at a flat rate of 10 per cent plus cess at 4 per cent without the benefit of indexation this change in tax rules was proposed in budget 2018 and enacted thereafter. The indexation benefit is only applicable for long term capital gains i e.

After april 1 2018 the cess would increase to 4 taking the effective tax to 20 8. When it comes to estimating a sum of capital gains to be generated from a future sale individuals need to adopt a systematic approach for capital gain index calculation. Ltcg tax is popularly known for the sale of the property agriculture land or any equity linked shares which was held for more than 24 months.

Looking for long term capital gain tax calculator in excel you are at the right place. Gold debt mutual funds for at least 3 years before you can avail of this benefit. If sold within 2 years its short term capital gains or loss.

Calculation of tax on long term capital gains is a slightly trickier business. Since long term capital assets are held for longer periods inflation also factors in while computing tax on long term capital gains. Cost inflation index cii cost inflation index is a term that comes into play when we talk about long term capital gains.

Illustration in april 2019 mr. 8 40 000 will be charged to tax as long term capital gain. Rahul sold his residential house property which was purchased in may 2017.

In easy terms if the difference of purchase of any assets and sales for.


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