CAPITAL GAINS AND CII
COST INFLATION INDEX
SUMMARY OF CAPITAL GAINS EXEMPTION
**Note: Where, the amount of capital gain does not exceed Rs 2 Crore, the assesse can construct or purchase 2 residential house properties from AY 2020-21. This concession is available only once in life-time.
Note: The cost of acquisition is the cost of owner or fair value of the asset as on 1st April 2001 at the option of the assesse. The fair value of asset as on 1st April 2001 should not exceed the stamp duty value as on 1st April 2001
CAPITAL GAINS TAX
Note 1: Tax rates mentioned above are excluding surcharge.
Note 2: Applicable only for the shares sold through stock exchange in India on which Security transaction tax (STT) has been paid and on capital gains up to Rs 1 lakh.
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