Mr. Kumar purchased a piece of land in December, 2005 for $28,100 and sold, in April, 2019 for $ 500,000. What will be the taxable capital gain? And the tax payable if the capital gain tax is 20%? Q1: Mr. Raja purchased a piece of land in May, 2004 for $ 84,000 and sold the same in April, 2019 for $1,010,000 (brokerage $10,000). What will be the taxable capital gain in the hands of Mr. Raja? And the tax payable if the capital gain tax is 10%? Financial year Cost Inflation Index (CID) 2001-02 100 2002-03 105 2005_04 109 2004-05 2005.06 117 2006-07 122 2007-08 129 2008-09 137 2009-10 118 184 2012-13 200 2013-14 2014-15 2015-16 2016-17 24 2017-18 272 2018 19