https://www.taxtmi.com/forum/issue?id=107093 A seller may claim indexed cost of improvement against long term capital gain but must substantiate such expenditure with documentary evidence; the long term capital gains tax is payable at the statutory rate with education cess. Exemptions are available by reinvesting in residential property within prescribed purchase or construction periods or by investing in specified capital gain bonds. Failure to invest before the return due date requires depositing the gain into a designated capital gain account scheme to maintain exemption eligibility. en-us Mon, 28 Jul 2014 23:09:59 +0530 Thu, 23 Jan 2025 15:57:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=107093 A seller may claim indexed cost of improvement against long term capital gain but must substantiate such expenditure with documentary evidence; the long term capital gains tax is payable at the statutory rate with education cess. Exemptions are available by reinvesting in residential property within prescribed purchase or construction periods or by investing in specified capital gain bonds. Failure to invest before the return due date requires depositing the gain into a designated capital gain account scheme to maintain exemption eligibility. Discussion-Forum Income Tax Mon, 28 Jul 2014 23:09:59 +0530 https://www.taxtmi.com/forum/issue?id=107093