INCOME FROM CAPITAL GAINS

SHORT TERM CAPITAL GAINS AMT AMT LONG TERM CAPITAL GAINS AMT AMT
Full Value of Consideration XXX Full Value of Consideration XXX
Less :- Cost of Transfer [XXX] Less :- Cost of Transfer [XXX]
Net Value of Consideration XXX Net Value of Consideration XXX
Less :- Cost of Acquisition [XXX] Less :- Indexed Cost of Acquisition [XXX]
XXX XXX
Less:- Cost of Improvement [XXX] Less:- Indexed Cost of Improvement [XXX]
STCG XXX LTCG XXX

COST OF INFLATION INDEX TABLE

FIN. YEAR C.I.I. FIN. YEAR C.I.I.
2001-02 100 2013-14 220
2002-03 105 2014-15 240
2003-04 109 2015-16 254
2004-05 113 2016-17 264
2005-06 117 2017-18 272
2006-07 122 2018-19 280
2007-08 129 2019-20 289
2008-09 137 2020-21 301
2009-10 148 2021-22 317
2010-11 167 2022-23 331
2011-12 184 2023-24 348
2012-13 200 2024-2025

Q.1. Mr. Asim purchased a Flat as on 1 st May 2019 for ₹ 35,00,000 he also paid Stamp Duty and Registration
charges of ₹ 2,00,000 and paid a brokerage of ₹ 35,000. He renovated his flat on 1st January 2021 and spent ₹
3,00,000. On 31st July 2022 he sold his flat for Rs, 1,00,00,000. He had to pay ₹ 1,00.000 as brokerage for
selling his flat. You are required to Calculate the Taxable income from Long Capital Gains of Mr. Asim for P.Y.
2022 - 2023.

Q.2. Miss. Gurupyari purchased a shop worth ₹ 50,00,000 on 1st April 2021 after paying brokerage of ₹ 50,000
and also paid registration and stamp duty of ₹ 3,00,000.
She sold her shop as on 25th December 2022 for ₹ 1,20,00,000 and paid Rs 1,20,000 as brokerage.
Calculate Taxable Income of Miss. Gurupyari from Short Term Capital Gain for P.Y. P.Y. 2022 - 2023.
Q.3. Miss Ragini purchased a Flat as on 1st June 2010 for ₹ 15,00,000. She also paid Stamp Duty and
Registration charges of ₹ 15,000 and paid a brokerage of ₹ 3,500. She renovated her flat on 1st July 2014 and
spent ₹ 50,000. She again renovated her Flat again on 5th November 2018 and Spent ₹ 1,20,000.
On 31st October 2022, She sold her flat for ₹ 1,00,00,000. She had to pay ₹ 1,00,000 as brokerage for selling
her flat. You are required to Calculate the Taxable income from Long Capital Gains of Miss Ragini for P.Y.
2022
– 2023.

Q.4. Miss Maithili purchased a flat worth ₹ 90,00,000 on 1st August 2021 after paying brokerage of ₹ 90,000
and also paid registration and stamp duty of ₹ 2,00,000.
She sold her flat as on 25th February 2023 for ₹ 1,20,00,000 and paid ₹ 2,00,000 as brokerage.
Calculate Taxable Income of Miss Maithili from Short Term Capital Gains.