Pay Zero Tax after Selling your House 🏡

Considering you bought a Property 🏠in the year 2002 at 30 Lakhs 💸 and and sold in 2023 for 90Lakhs, then your profit is 60 Lakhs. But the 60 Lakhs profit is not Capital Gain.
We will have to consider the CII ( Cost Inflation Index)
which reduces your capital gains.

Indexation benifit can be availed only on Long Term Capital Gain on Sale of House Property 🏠.

Formula for Computing Indexed Cost of Acquisition is


(Cost Inflation Index of the year of Sale
_____________________________________ x Actual Price
Cost Inflation Index for the year of
Purchase )

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