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Income Tax on Sale of Property

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12 August 2020 Dear Sir,

Is Tax to be paid by the seller of the property and income tax return to be filed?

If Yes, what is the threshold limit.

12 August 2020 Yes, if capital gains exceed 2.50 lacs the basic exemption limit.

12 August 2020 Dear Sir,

Thank you for the reply

How to calculate Capital Gain / Loss.




12 August 2020 Capital gains= Sale value- Indexed cost



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