calculaton of CApital Gain.
partnership firm had purchased property for Rs.250000/- as on 14-01-1988. (Area- 4872.1)Sqmtr. nw the partner wants to saleout 1342 sqmtr after exp for developemnt of rs.505430/-.wht is capital gain and tax????
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Capital gain
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2500000+505430 *1342 use appropriate indexation.
4872.1
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