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CAPITAL GAINS CALCULATION ON PROPERTY

designed by -- a.yogaguru
NOTE: (for more details: http://www.indiaproperties.com/articles/taxation-legal/capital_gain.aspx)
Taxation and Legal - Capital Gains Tax For Real Estate
Sections 2, 45 to 55 under Capital Gains:
* Section 2 defines that land or house property held for not more than 36 months is Short Term Capital Gain
(STCG). Otherwise, it is Long Term Capital Gain (LTCG)
* Section 48 defines Computation of Capital Gains (STCG) = Consideration - expenses on transfer - cost of
acquisition - cost of improvement
*
LTCG = Consideration - expenses on transfer - INDEXED cost of acquisition - INDEXED cost of
improvement
* The long-term capital gains tax rate of 15% without indexation is only applicable for listed shares and
mutual fund units. For long-term gains on property, the tax rate is 20% with indexation of cost.

CHOOSE FROM
THE MENU
INVESTED IN

SHARES /
MFs

PROPERTY

PROPERTY

Purchase Price
Month & Year of Purchase (eg.
mm/yyyy)

1,000,000.00

1981

1982

COST
INFLATION
INDEX (CII)
100

Apr-1981

Mar-1982

Dec-2000

1982

1983

109

Apr-1982

Mar-1983

Sale Price

3,000,000.00

1983

1984

116

Apr-1983

Mar-1984

Jul-2009

1984

1985

125

Apr-1984

Mar-1985

8.6

1985

1986

133

Apr-1985

Mar-1986

1986

1987

140

Apr-1986

Mar-1987

1987

1988

150

Apr-1987

Mar-1988

SL. NO.

Month & Year of Sale (eg. mm/yyyy)


No of Years
YOU ARE COVERED UNDER =

LTCG

SHORT TERM CAPITAL GAIN CALCULATION (STCG)


In case of Property, STCG is added to income from other
sources, and a taxpayer pays tax at the rate applicable to
him/her.
In case of Shares / MFs , STCG is taxed at 15% of the
capital Gain, and a taxpayer pays tax applicable to
him/her.
LONG TERM CAPITAL GAIN CALCULATION (LTCG)

FINANCIAL
YEAR

1988

1989

161

Apr-1988

Mar-1989

1989

1990

172

Apr-1989

Mar-1990

10

1990

1991

182

Apr-1990

Mar-1991

11

1991

1992

199

Apr-1991

Mar-1992

12

1992

1993

223

Apr-1992

Mar-1993

13

1993

1994

244

Apr-1993

Mar-1994

14

1994

1995

259

Apr-1994

Mar-1995

15

1995

1996

281

Apr-1995

Mar-1996

Purchase CII

406 1ST

16

1996

1997

305

Apr-1996

Mar-1997

Sale CII

632 1ST

17

1997

1998

331

Apr-1997

Mar-1998

Indexed Purchase Price

1,556,650.25

18

1998

1999

351

Apr-1998

Mar-1999

Capital Gain

1,443,349.75

19

1999

2000

389

Apr-1999

Mar-2000

288,669.95

20

2000

2001

406

Apr-2000

Mar-2001

21

2001

2002

426

Apr-2001

Mar-2002

22

2002

2003

447

Apr-2002

Mar-2003

Tax with Indexation


Tax without Indexation

Tax rate with Indexation (Sale on


Property)
Tax rate without Indexation (Sale
on Shares & MFs)

23

2003

2004

463

Apr-2003

Mar-2004

20%

24

2004

2005

480

Apr-2004

Mar-2005

15%

25

2005

2006

497

Apr-2005

Mar-2006

26

2006

2007

519

Apr-2006

Mar-2007

27

2007

2008

551

Apr-2007

Mar-2008

28

2008

2009

582

Apr-2008

Mar-2009

29

2009

2010

632

Apr-2009

Mar-2010

30

2010

2011

711

Apr-2010

Mar-2011

31

2011

2012

Apr-2011

Mar-2012

32

2012

2013

Apr-2012

Mar-2013

33

2013

2014

Apr-2013

Mar-2014

34

2014

2015

Apr-2014

Mar-2015

35

2015

2016

Apr-2015

Mar-2016

36

2016

2017

Apr-2016

Mar-2017

37

2017

2018

Apr-2017

Mar-2018

38

2018

2019

Apr-2018

Mar-2019

39

2019

2020

Apr-2019

Mar-2020

40

2020

2021

Apr-2020

Mar-2021

DESIGNED BY -

A.YOGAGURU

( yogaguru@sify.com)