APPLICABLE TAX LIABILITY

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 December 2009 IF A IS HAVING FLAT COST RS.12 LACS PURCHASED IN OCT 07 & SOLD IN FEB. 09 RS.14 LACS .HE RECEIVED PART PAYMENT OF RS.4 LACS IN FEB.09 & BALANCE AMT. RS.8 LACS IN JULY 09.STAMP DUTY & REG.WAS MADE IN FEB.09
THE QUESTION IS WHAT WILL BE TAX LIABILITY

21 December 2009 Rs.2,00,000/- is short term capital gains for the year ending on 31 03 2009.


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