Acquired Building on 1-03-2018 for Rs. 100.

000

Registration charges 1000

Sold on 1-1-2- 2 for Rs. 200,000

Broker Commission Rs. 3000

Determine STCG

Acquired Building for Rs. 5 Lac. On 01-01-1995

1st Additional Floors for Rs. 25,000 on 01-01-1999

2nd Additional Floor for Rs. 40,000 on 01-01-2004

Building Sold on 01-01-2019 for Rs. 300,000/-

Fair Market Value 01-04-2001 For Rs. 300,000

Selling Expenses Rs. 15,000

Capital Gain = Sales Consideration – Indexed Cost of Acquisition

Indexed Cost of Acquisition = Actual Purchase price * (Index in year of Sale /Index in year of
purchase)

Indexed Cost of Acquisition Actual Purchase price * (Index in year of Sale /Index in year
of purchase)

565,00*(280/100) = 15,82,000
Sale Amount 300,000- saleing exp.= 285,000
Capital Gain 1297000