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land value to be taken for computation of tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 December 2010 Cost of land 10 lakhs, The guidelines value which is opted for registration purpose is 14 Lakhs,
Under Chapter XX C Which value can be opted for the purpose of computation of tax
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taxindiaconnect

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taxindiaconnect (Expert)
14 December 2010 For seller it is 14 Lac to be taken for computation of capital gains.
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