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Income Tax on Sale of Property

This query is : Resolved 

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.

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

Dear Sir,

Thank you for the reply

How to calculate Capital Gain / Loss.

Capital gains= Sale value- Indexed cost

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