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Capital gain on inhrited property

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(Querist)
14 September 2016 My Client has received a Property in 1987 after Death of his Father, His Share was 1/7th, Now he is developimg his Part in Small Plot and Gradually Sell the Plot, Whether he is liable for Capital Gain
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Unnikrishnan B

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Unnikrishnan B (Expert)
14 September 2016 Yes liable at the time of selling it after indexation. Cost of improvement can be deducted
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