Selling property, investments or other capital assets can give rise to capital gains. We help review the transaction, acquisition history and supporting costs to determine the information needed for your tax computation and return.
Look beyond the sale proceeds
- Review the asset type and acquisition and transfer dates
- Assess the holding period and applicable classification
- Review acquisition costs, improvement costs and transfer expenses
- Consider exemptions and other relief where applicable
- Prepare the relevant computation and return disclosures
What to keep ready
- Purchase and sale agreements or transaction statements
- Acquisition dates and cost records
- Evidence of improvement and transfer expenses
- Inheritance or gift records, if relevant
- Details of any proposed or completed reinvestment
Rates, holding periods and indexation treatment depend on the asset and transaction dates. A review of the specific transaction is needed before relying on a calculation.
Official reference: Income Tax Department portal ↗← View all services