Income tax on capital gain

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Sales consideration 730000    
bought in 2003 july 20000    
18-06-2015 withdrawn from bank-ch.issued
land in panchayath sale consideration will use in2016 jan to construct a new house for residence    
income tax not filed      
Replies (1)

Compute Index Cost of Acuisition and reduce from Sale Consideration after whatever amount invested in construction claim Exemption u/s 54


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