Talk:Capital Gains (India)

• Vignesh purchased a house in the year 1992 for Rs 15 lakhs.
• In the year 2000, He spent Rs 5 lakhs on home improvement.
• The property was sold off in the year 2006 for Rs 60 lakhs.
• He incurred Rs 2 lakhs expenditure as transaction fees.

Here's how his tax outflow towards capital gains on sale of the house will be arrived at.