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Capital gain

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(Querist)
29 September 2015 One of our client having a agricultural proprerty in 1970's.. but now it is urban area,he sold his entire property on 2015 March, how tax implications are calculate. is there any exemptions for sale of that property.
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Amol S Joglekar

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Amol S Joglekar (Expert)
29 September 2015 He can replace the value as on 01/04/1981 for the calculation of indexed cost of acquisition.
54F, 54EC are available.
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