Guideline value on the sale of a property & exemption

| Last updated: 09 March 2015

Land, one of the wonderful gifts of nature is now an item subject to taxes when the land is transferred from one person to another. The next question in hand is, what is the amount on which the taxes are to be paid? Mr. ABC, who resided in Mumbai, sold his ancestral land situated in Juhu. He
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Shrinivas (CA, LLB, CISA)

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Practicing Chartered Accountant

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