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Sale of land & building

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Vasanta (Querist)
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23 December 2013 If the land & Building both is sold for a consideration of Rs.20 Lakh. Sale deed is not there. Flat is a long term asset & building is a short team asset.. How to compute the tax?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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23 December 2013 Valuation shall be done as per sec 50C.

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