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capital-gains-tax calculation

Guide to capital gains calculation

If you sell a property for Rs 50 lakh today that was purchased in 2000 for Rs 20 lakh, how much would be your capital gain? If your answer is Rs 30 lakh, you would only end up paying more taxes. Calculating capital gains is not a simple math but not difficult too either.  In order to compute the capital gains we need to be aware of certain terminologies. Take a look at them. Capital Assets For computing capital gain there should be a transfer of capital asset. A capital asset includes property of any kind whether fixed or movable, tangible or non-tangible. However not every property