Home > Money > Question

Sign In | Create an account

Language:

Now in हिन्दी too

Need Expert Advice?Our Gurus Can Help

Gautam, should I use indexed cost or fair market value for calculating LTCG?

Samkit Maniar |180 Answers |Ask -Follow

Tax Expert - Answered on Aug 28, 2024

CA Samkit Maniar has eight years of experience in income tax, mergers and acquisitions and estate planning.
He has graduated from Mumbai’s N M College of Commerce and Economics and has completed his CA from The Institute of Chartered Accountants of India."... more

Question by Gautam on Aug 12, 2024Hindi

Money

Please advise me on LTCG for the house property purchased by my father in 1975 for Rs.44,616/ area is 676 sq ft or 62.79 sq.mtr. I have cold the property this year August 2024 for the consideration of Rs.1.20 cr. How do I compute LTCG? How to calculate fair market value? I wish to avail indexation benefit and also reinvert in house property. Thanks Gautam H

Ans: You will need to reach out to property valuer and arrive at a value as on 01 st April 2001. The amount thereafter can be indexed to current levels by applying inflation index and accordingly the same can be computed.

Alternatively, if the intent is to reinvest in a residential property itself then you may directly compute capital gains using cost and not indexed cost if the amount of reinvestment is greater than capital gains amount.

Please consult your CA before moving ahead.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

MoneyReply

You may like to see similar questions and answers below

Mihir Tanna |1035 Answers |Ask -Follow

Tax Expert - Answered on Jul 24, 2024

Question by Ashish - Jul 23, 2024Hindi

Money

Hi Mihir, how will LTCG calculated on sale of property which is purchased 20 years ago.

Ans: As per budget proposal, there will not be any indexation benefit so gain will be sales minus actual cost. You have to pay tax @12.5%

Latest Questions

Prof Suvasish Mukhopadhyay |535 Answers |Ask -Follow

Career Counsellor - Answered on Mar 19, 2025

Question by Anil - Mar 17, 2025Hindi

Career

I completed my masters in Dec 2023 and did internships until June 2024. I then joined a startup in Sept 2024 but I left after 3 months due to false commitments, toxic work culture, and a family emergency. Now that my last formal experience was in June 2024 (excluding the short stint), will recruiters see this as a career gap? And am I not eligible for any future job opportunities with this profile?

Ans: Please never think in this line. Three months is a very small time. I counselled people who continued their career after three years of gap. So be rest assured. You are totally eligible for any future job and I am sure within a very short time I will receive a positive message from your side. I am always there to help you. Best of luck. Professor.........................................:)

Samraat Jadhav |2228 Answers |Ask -Follow

Stock Market Expert - Answered on Mar 19, 2025

Asked by Anonymous - Mar 19, 2025Hindi

Money

I applied for IPO shares and I was assigned more shares than I expected and I can't pay, the investment advisor insists that it is mandatory to pay everything and tells me that I could be fined and that they would ask the court for a

Ans: its a scam

Samraat Jadhav |2228 Answers |Ask -Follow

Stock Market Expert - Answered on Mar 19, 2025

Asked by Anonymous - Mar 06, 2025Hindi

Money

How to delete one share from watchlist

Ans: i think your broker would be the right person to as this question

Rajesh Kumar Singh |231 Answers |Ask -Follow

IIT-JEE, GATE Expert - Answered on Mar 19, 2025

Asked by Anonymous - Mar 18, 2025Hindi

Career

I scored 91.75 in jee main general category in delhi state . Which colleges i can get

Ans: Very slim chance, improve Basics and score

Rajesh Kumar Singh |231 Answers |Ask -Follow

IIT-JEE, GATE Expert - Answered on Mar 19, 2025

Question by Shibankar - Mar 18, 2025Hindi

Career

Hi I'm shibankar roy, I scored 86.98753 percentile in jee mains 2025 . Situl cast (SC) cetagori , Home state West Bengal, can I got any NIT college in any decent branch

Ans: Try in home state NIT, chance id there

Rajesh Kumar Singh |231 Answers |Ask -Follow

IIT-JEE, GATE Expert - Answered on Mar 19, 2025

Question by Ayushman - Mar 18, 2025Hindi

Career

My son got 96.86 percentile in jee mains 1 ews category which NITs he can get can he get Nit Silchar electrical or mechanical branch

Ans: Try in Home state NIT

Rajesh Kumar Singh |231 Answers |Ask -Follow

IIT-JEE, GATE Expert - Answered on Mar 19, 2025

Asked by Anonymous - Mar 19, 2025Hindi

Career

Sir can anyone repeat class 11th and 12th both and appear for jee advanced in although 2025 was his drop year 2027 if he hasn't appeared for jee advanced even a single time , will he be eligible to repeat even after drop year??

Ans: I think yes, confirm from Brochure.

Rajesh Kumar Singh |231 Answers |Ask -Follow

IIT-JEE, GATE Expert - Answered on Mar 19, 2025

Asked by Anonymous - Mar 18, 2025Hindi

Career

I got 58.2446554 percentile in jee mains 2025, ews category, home state- odisha, can i get some good government colleges (NITs, IIITs, GFTIs, etc) with this percentile?

Ans: No. Improve Basics.

Radheshyam Zanwar |1456 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Mar 19, 2025

Asked by Anonymous - Mar 18, 2025Hindi

Career

Sir i get 94.69 percentile in jee mains 2025 session 1 January can i have any chance to get any government central College

Ans: Hello Dear.
There are chances, but you will have to wait for the results of the 2nd JEE session. But chances are there. Best of luck to you.
Follow me, if you like the reply.
Radheshyam

Dr Dipankar Dutta |987 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Mar 19, 2025

Asked by Anonymous - Mar 18, 2025Hindi

Career

I want to do btech in robotics engineering or mechatronics engineering I am sc category students please help me with college with low fees

Ans: Government NITs have low tuition fees and offer scholarships for SC students (fees can be as low as ?10,000 - ?30,000 per year after waivers).

NIT Rourkela – B.Tech in Industrial Design (Robotics, Mechatronics-related)
NIT Kurukshetra – Mechatronics as a specialization in Mechanical Engineering

IIITs are also great for Robotics & AI, and they have lower fees for SC candidates.

IIIT Allahabad – B.Tech in IT (Specialization in Robotics)
IIIT Jabalpur – B.Tech in Mechanical with Robotics specialization

Robotics engineering or Mechatronics engineering are specialized field. You can do your B.Tech in CSE, ECE, Mechanical and then in M.Tech you can do specialization.

See more questions »

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

Video Reply
Audio Reply

WhatsApp
Facebook
Twitter
Copy link

Delete

Close

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus

Sign up

email

uname

mobile no

Country Code

Mobile number

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

LOGIN

x