capital gain

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prabhakar BURNING FIRE (Querist)
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18 April 2010 If benifit arises to assesse,Is there any option for assesse to charge long term capital gain at the rate of 10%(i.e without indexation ) instead of 20%(i.e with indexation ) on any immovable property, for eg:-house property.

if yes under which provision,because i didn't found in AHUJA'S BOOK.

ITS URGENT.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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18 April 2010 The referred option is not allowed for immovable property. In other words the so called option is for listed securities/units/zero coupon bonds vide proviso to section 112(1)(d) of the Income tax Act,1961.

prabhakar BURNING FIRE

prabhakar BURNING FIRE (Querist)
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21 April 2010 THANK YOU VERY MUCH SIR.

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