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Sales of flats capital gains applicable

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22 January 2022 Sir,
One of it assessee agriculture land purchase .this land to State govt for land pooling purpose.if assessee benefit two falts received from state govt .
Question:
Assessess received two flats from state govt after two flats sales capital gains tax applicable in it act.

23 January 2022 Yes, capital gains tax liability arises on sale of such flats.



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