Capital gains
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 August 2016
A PERSON HAS INHERITED AGRICULTURE LAND FROM HIS FATHER. IT IS SITUATED AT VILLAGE IN UP.
IF HE SELL THE LAND EARNS PROFIT WHAT WOULD BE TAX LIABILITY
IF HE SELL THE LAND EARNS PROFIT WHAT WOULD BE TAX LIABILITY
23 August 2016
Long term capital gain shall be computed and the tax shall be aid accordingly.
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