TuriaToolkit

Capital Gains Tax Studio (Budget 2024 / FY 2025-26 & 2026-27)

Sec 111A / 112A / 112Grandfathering Engine

Calculates post-Budget 2024 capital gains with automated Real Estate Grandfathering election (12.5% vs 20% with CII) and Section 54/54EC/54F caps.

1. Select Asset Class

2. Transaction Details & Dates

✓ Pre-23 July 2024 (Grandfathered)

3. Rollover Exemptions (Sec 54 / 54EC / 54F)

Max ₹10 Crores cap
Statutory max ₹50 Lakhs
Max ₹10 Crores cap
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Statutory & Compliance Disclaimer

This tool is an automated calculation, formatting, and compliance aid provided for informational purposes only. It does not constitute formal legal, taxation, or professional auditing advice. Calculations, citations, and draft documents must be independently verified by a qualified Chartered Accountant (CA) or Company Secretary (CS) against statutory provisions and applicable ICAI/ICSI guidelines before execution or certification.

Budget 2024 Real Estate Grandfathering Election Available

Option A Recommended

Because this property was acquired prior to 23 July 2024, the taxpayer is statutorily entitled to select either 12.5% without indexation or 20% with CII indexation, whichever results in a lower tax liability.

✓ Flat 12.5% rate (Option A) produces ₹2,49,971 lower tax than indexation.

Option A: New Regime12.5% Flat

Without indexation benefit

Net Consideration:₹1,47,50,000
Historical Cost:₹50,00,000
Taxable LTCG:₹97,50,000
Tax with Cess:₹12,67,500
Option B: Grandfathered20% with CII

With full Cost Inflation Indexation

Net Consideration:₹1,47,50,000
Indexed Cost:₹74,54,464
Taxable LTCG:₹72,95,536
Tax with Cess:₹15,17,471

Statement of Capital Gains Computation

Income-tax Act, 1961 / Finance (No. 2) Act, 2024 | Assessment Year 2025-26

Asset Transferred:

real estate

Holding Classification:

Long Term Capital Asset (LTCG)Holding: 125 months (3811 days) • Min 24m for LTCG

Acquisition Date / FY:

2014-06-15 (2014-15)

Transfer Date / FY:

2024-11-20 (2024-25)

A. Full Value of Consideration Received / Accrued₹1,50,00,000
Less: Expenditure incurred wholly in transfer (Brokerage/Stamp duty)₹2,50,000
B. Net Sale Consideration₹1,47,50,000
Less: Cost of Acquisition (Without Indexation)₹45,00,000
Less: Cost of Improvement ₹5,00,000
C. Gross Capital Gains₹97,50,000
D. Net Taxable Long-Term Capital Gain₹97,50,000
Tax Applicable (12.5% u/s 112 / 112A) + 4% H&EC₹12,67,500

* Prepared per provisions of the Income-tax Act, 1961 as amended by Finance (No. 2) Act, 2024. For resident individuals and HUFs transferring pre-23 July 2024 immovable property, the computation automatically reflects the lower tax between the 12.5% non-indexed rate and the 20% indexed rate per official CBDT guidelines.