POSTED BY August 30, 2012 6:48 am COMMENTS (11)ON
I bought a piece of land in 1988 for 6.5 lakhs. I am going to sell it in 2012 for appox 6 crores. I want to know how to index the price of land at the time of selling and how much will owe in capital gains.
I also understand that I can save on Capital gains by reinvesting in real estate. I shall not be an end user.
Any advise will be greatly appreciated. Thanking all in advance.