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Capital Gain Calculation
Purchase price (22 Mar 2012): ₹22,00,000
Sale price (17 Jan 2026): ₹52,70,000
Using Cost Inflation Index (CII):
FY 2011-12: 184
FY 2025-26: 363
Indexed Cost ≈ ₹43,41,000
Long-Term Capital Gain (LTCG)
= 52,70,000 − 43,41,000 ≈ ₹9,29,000
So, capital gain is about ₹9.3 lakh (before adjusting brokerage or other expenses).
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Amount to Deposit in CGAS
If you do not purchase another house before filing the return, deposit around ₹9.3 lakh in the Capital Gains Accounts Scheme 1988 to claim exemption under Section 54 of Income Tax Act.
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Tax Rate (After Budget 2024)
For property purchased before 23 July 2024, you can choose:
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20% tax with indexation, or
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12.5% tax without indexation
Whichever results in lower tax can be applied. Indexation is available in your case.
For detailed personal guidance, I recommend booking a phone consultation. After reviewing your financial structure and current tax position, I will be able to suggest the most effective and legally compliant ways to optimize your tax liability.
