Query for rate of income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 November 2014
A person sold a plot of land which he had purchased in 1992.if he does not opt for indexed cost of acquisition, rather he subtracts original cost of acquisition from the sell value.what will be the rate of income tax on the longterm capital gain in this case
Nikhil Kaushik
(Expert)
07 November 2014
you dont have the option for not claiming indexation while selling land...
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