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LTCG Tax

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(Querist)
29 December 2020 I have received one fourth of sale proceeds of ancestral property as my share. I invested a large part of it in infra bonds. Seller has already deposited TDS @10% as per our form 26. How to show it in ITR.
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
29 December 2020 Extent notified Infra bonds with 5year locking period are exempted from capital gain , balance gain raised after indexation is taxable @20%

Interest accrued from capital gain bonds is taxed on accrual basis income from other sources along with other head of income if it exceed taxable threshold limit
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
02 October 2021 File ITR 2, declare the details under Schedule CG, with deduction under 54EC.
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